Tag Archives: Economic Policy

Liberals and Conservatives – the Differences? (pt. 1)

There have been several opinion pieces lately that say we have become too tribal.  The tribes seem to be called “Democrats and Republicans”.   A lot of us do not fit very comfortably into either tribe.   But I think … Continue reading

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A Federal Reserve Report says Economists Fail at Forecasting – Really?

Robert J Samuelson had a syndicated column recently reporting on a U.S. Federal Reserve study of the accuracy of Macro-economic forecasting.  The study looked at forecasts of “important economic” indicators such as unemployment, interest rates, gross domestic product and compared … Continue reading

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Unintended Consequences and Positive Results

In the previous post I tried to demonstrate how  unintended consequences on the part of a central government can have negative results.  Unintended consequences can sometimes have positive results.  Adam Smith used the term “invisible hand” in his work on … Continue reading

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It’s a Wonderful Life, the Rationing of Capital, and Economic Recovery

The movie “It’s a Wonderful Life” is shown every year at Christmas and we usually watch it.  This year was no different.  Mr. Bailey of Bailey Savings and loan is shown what life would be like if he hadn’t been … Continue reading

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What Would Make the Economy Roar Again?

The last week-end edition of the Wall Street Journal contains an article by Marc Levinson entitled “Why the Economy Doesn’t Roar Anymore”.  Marc Levinson is a former finance and economics editor of the Economist.  He points out that in the … Continue reading

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The Definition of Insanity and the Fed

One of the definitions of “insanity” is to keep doing the same things over and over and expecting a different result.  The Federal Reserve Board has been keeping interest rates almost zero for more than 7 years now – longer … Continue reading

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Economic Issues & Elections

While trying to write some of my memoirs, I thought of some of my experiences as young engineering project manager in the Natural Gas Liquids Division of a major integrated oil company.  My first two projects had been building processing … Continue reading

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