Tag Archives: Great Depression

Budget Deficits With the Laffer Curve

Financial FAQs Wikipedia There is an economic theory of sorts that helps us to understand why our political parties can’t agree on how to grow an economy that benefits most Americans. It’s called the Laffer Curve, reputedly first drawn on … Continue reading

Posted in Economy, Keynesian economics, Politics, Weekly Financial News | Tagged , , , , , , , | Leave a comment

Saving Capitalism—Part II

Popular Economics Weekly Nobel laureate Joseph Stiglitz’s plea to save capitalism is important for a number of reasons; foremost is the survival of liberal democracy itself. Modern liberal democracies that we have known since WWII cannot survive if we cannot … Continue reading

Posted in Economy, Keynesian economics, Politics | Tagged , , , , | Leave a comment

Part II—What’s Wrong With Capitalism?

Financial FAQs Pete Buttigieg, Mayor of South Bend, Indiana and Presidential candidate, said to NBC’s Chuck Todd, “of course I’m a capitalist and America is a capitalist society, but it’s got to be democratic capitalism,” per the NYTimes’ Michael Tomasky. … Continue reading

Posted in Consumers, Economy, Keynesian economics, Macro Economics, Politics | Tagged , , , , , | 2 Comments

What’s Wrong With Capitalism (Revised)?

Financial FAQs Winston Churchill once said, “No one pretends that democracy is perfect or all-wise. Indeed, it has been said that democracy is the worst form of government except all those other forms that have been tried from time to … Continue reading

Posted in Uncategorized | Tagged , , , , , | Leave a comment

What’s Wrong With Capitalism?

Financial FAQs Winston Churchill once said, “No one pretends that democracy is perfect or all-wise. Indeed, it has been said that democracy is the worst form of government except all those other forms that have been tried from time to … Continue reading

Posted in Consumers, Economy, Keynesian economics, Macro Economics, Politics | Tagged , , , , , | Leave a comment

Why the Record 2018 Trade Deficit?

Financial FAQs BEA.gov The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $59.8 billion in December, up $9.5 billion from $50.3 billion in November, revised. This was not good … Continue reading

Posted in Economy, Keynesian economics, Macro Economics, Politics, Weekly Financial News | Tagged , , | Leave a comment

Why the Record Low Interest Rates?

The Mortgage Corner fred.stlouisfed.org The 30-year fixed rate conforming mortgage rate fell to a 1-year low, according to Freddie Mac, the GSE still in government conservatorship, and major purchaser of conforming conventional mortgages. The 30-year fixed-rate averaged 4.35 percent in … Continue reading

Posted in Consumers, Economy, housing market, Keynesian economics, Politics, Weekly Financial News | Tagged , , , , | Leave a comment