Opinions Uncensored

Does QE Finance Government Spending?

There’s been some good discussion in recent days about QE and whether it is actually legal or not.  Frances Coppola, the Telegraph and researchers at the University of Sheffield have all touched on the topic.  The legality of QE is a very murky discussion and one that only courts have the...

Thursday: New Home Sales, Unemployment Claims and More

The scams never end, and this one was really disgusting (ripping off people in financial trouble) ... from the LA Times: Authorities crack down on mortgage-relief scams nationwide Federal and state officials filed lawsuits accusing dozens of companies of ripping off struggling homeowners by...

Inflation: Another "False Alarm"?

From Gavyn Davies at the Financial Times: Another false alarm on US inflation? There have been a few false alarms about a possible upsurge in inflation in the US in the past few years, even as core inflation on most measures has remained extremely subdued. ... Another such scare has been...

Example of not understanding Effective Demand

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The Economist online magazine has an article called, Jobs are not Enough, where they show a poor understanding of effective demand.
“Economic growth over the business cycle is driven mostly by swings in demand, and in recent years demand has been held back: households have been...