no recovery

Celebrations Over QE That Doesn’t Work, So Bring More QE

By |2015-03-18T15:36:50-04:00March 18th, 2015|Economy, Federal Reserve/Monetary Policy, Markets|

Ever since the price of oil became a major economic theme last fall, even before the now-ubiquitous “dollar” though they are essentially one and the same function, economists and especially those at the FOMC have been in a rush to reassure that the oil price collapse was both going to be short-lived and a huge benefit to consumers. One didn’t [...]

Solving Wages Should Be Allowed

By |2015-03-17T12:01:33-04:00March 17th, 2015|Economy, Federal Reserve/Monetary Policy, Markets|

The world of orthodox economics is populated by generic assumptions. The biggest and most dangerous is that of “aggregate demand” which posits that any economic activity is perfectly substituted for any other economic activity. Since there is no distinction among “what” is taking place and more importantly “why”, that has led economic policy and especially monetary policy toward command management. [...]

Go to Top