Category Archives: financial crises

Why Deficits Don’t Matter.

by Bob VeresOctober 29, 2013 The whole idea that we should control the deficit at all is costing our nation trillions of dollars in lost output. The result is lost income, savings, wealth and prosperity. “As a society, we don’t … Continue reading

Posted in banks, bonds, commentary, economics, financial crises, fiscal policy, growth, inflation/deflation, interest rates, money supply, outlook, politics | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Federal Debt and Deficit Reduction are Junk Economics.

Deficit cutting is still, precisely, the wrong economic policy prescription in the current weak economy of high unemployment. Whether raising taxes or cutting spending, the effect is the same. It may reduce the deficit but it also removes stimulus in … Continue reading

Posted in asset allocation, banks, bonds, commentary, economics, financial crises, fiscal policy, growth, inflation/deflation, interest rates, money supply, outlook, politics | Tagged , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

OECD Finally Throws Austerity Overboard

By Ambrose Evans-Pritchard 8:26PM BST 16 Jul 2013 While the US jobless rate will continue falling to 6.7pc by the end of 2014 as recovery takes hold, the rate for the EMU currency bloc will rise to a fresh record … Continue reading

Posted in economics, financial crises, fiscal policy, inflation/deflation, interest rates, money supply | Tagged , , , , , , , | Leave a comment

How Austerity Has Failed.

by Martin WolfThe New York Review of Books Austerity has failed. It turned a nascent recovery into stagnation. That imposes huge and unnecessary costs, not just in the short run, but also in the long term: the costs of investments … Continue reading

Posted in banks, commentary, economics, financial crises, growth, inflation/deflation, interest rates, markets, money supply, outlook | Tagged , , , , , , , , , , , , , , , , | Leave a comment

Japan Breaks with Economic Orthodoxy. Will it Work?

By Paul Krugman January 13, 2013 For three years economic policy throughout the advanced world has been paralyzed, despite high unemployment, by a dismal orthodoxy. Every suggestion of action to create jobs has been shot down with warnings of dire … Continue reading

Posted in commentary, economics, financial crises, fiscal policy, growth, inflation/deflation, interest rates, outlook | Tagged , , , , , , , , | Leave a comment

IMF Admits it Blew it with Austerity.

by Barry RitholtzJanuary 4, 2012 A number of folks are looking at the latest IMF paper as a startling admission of the failure of Austerity: “Consider it a mea culpa submerged in a deep pool of calculus and regression analysis: … Continue reading

Posted in commentary, economics, financial crises, fiscal policy, growth, inflation/deflation, outlook | Tagged , , , , , , , , | Leave a comment