Tags » Fiscal Cliff

The Government Deficit and the Fed

The Federal Reserve recently announced an increase in the interest rate which it sets. This has implications for the government deficit which may not be well understood by the average person so I thought that it might make sense to discuss the connection between the Federal Reserve and the government deficit. 474 more words

Fiscal Policy

The Great Deformation by David A. Stockman

The Great Deformation: The Corruption of Capitalism in America by David A. Stockman (2013)

Yes, that David Stockman, the  man who was:

elected as a Michigan congressman in 1976 and the the Reagan White House in 1981.

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Books

Economists Running for Office

I have tried to stick to economics on this blog, meaning that I do not get involved in expressing political opinions for any reason. But I learned something today that I felt should be passed on to my readers.   135 more words

Government

Starving Billionaires

Submitted by Terence Blackett
What Happens When An Unstoppable Force Meets An Immovable Object? Global Collapse Disorder & Destruction of the World’s Economic System
“Sooner or later we will all have to sit down to a banquet of consequences.” – Robert Louis Stevenson… 2,227 more words
Opinion

The Economy and Its Problems

A new Pew Research Center reports the median income for the American households in 2009 was 52,195.00 dollars. Last year the median income fell by 4.1% to 50, 055.00 dollars. 398 more words

Is The United States Fiscal Cliff Enough to Nudge China Over A Political One?

Well, we just went through a rather ugly presidential election. Over $2 billion were spent on campaign advertisements; most of them attack ads on one another. 620 more words