Economics

Bill Gross, the man who controls the largest bond fund in the world, believes that trillions of dollars in government spending will be necessary to get the economy going again. He warns that if the government does not spend trillions of…

Peter Schiff is that market wizard people were laughing at just a year ago because of his extreme views. Well, things have turned out much as he has indicated they would. So, now he has a captive audience. And what is he saying?…

Federal Reserve Chairman Ben Bernanke gave a speech at the London School of Economics today in which he outlined the measures the Federal Reserve was prepared to take in order to deal with the financial crisis. Of particular note, Bernanke…

We are in a secular bear market. What this means for many pensioners or for many about to become pensioners is great uncertainty about the quality of their retirement. I expect this uncertainty to translate into anger regarding the move…

It looks like John Kenneth Galbraith is back in style after years of the laissez-faire crowd holding court. The Economist chronicles the revived interest in his works according to book sales at Amazon. He is definitely on my reading list.

UPDATE: 25 Mar 2009: In anticipation of the upcoming G-20 meeting and on the heels of some provocative comments made by Chinese officials regarding the US dollar, I would like to re-post this article from January. Paul Davidson has a very…

This comes from Chapter VIII of Galbraith's classic volume, "The Great Crash 1929." Given the recent announcement of fraud at Satyam in India and the monstrous Madoff scandal, it is a quote and concept to remember.

Raghuram Rajan is a bloody good economist, that's who he is. Rajan, who succeeded Kenneth Rogoff at the International Monetary Fund as Chief Economist, is also a prescient voice of reason on any number of different subjects. Recently,…

This is the time of year when everyone tends to look back and sum up the year in one way or another. I have been doing much of the same. In keeping with that theme, I have taken a good look through my nearly 1400 posts to get a better…

This video from the 1930s is a timeless piece of work, giving an explanation of what inflation and deflation are and how they work. (hat tip Tim Iacono)