I work for Wells Fargo in the home loan securitization department. During the worst of the recession I went back to school as an adult and got a BA in Economics and Business administration. It was life changing in many ways. Mostly in how I think, the questions I ask, and where I seek answers. Project syndicate is a favorite source for staying informed on topics of great interest to me. I like it more than the Economist and Region Focus. Long term goals include Lean Six Sigma Black Belt certification with in the financial industry.
I’m also an avid wood carver and bow maker. When not playing with regression models and seeking my own answers to the questions I have about Macroeconomic relationships, I’m either making bows or spending time with my family.
A Fateful Mistake
Very much enjoyed this article.
Margaret Thatcher’s Lessons for Europe
Liberatopia comes at great societal costs. This is the source of thatchers deserved ridicule. The taking of sensible econimic policy and distorting it into religion that views ideology as more sancrosanct than facts, evidence and research benefits only a few.
Why Give Corporations a Tax Break?
I get the argument but I’m not completely sold on it. At what point do we tax cut ourselves out of a country worth living in? Isn’t the increasing wealth gap a problem on that needs to be dealt with also? Last I checked, which I admit was some time ago, that strategy didn’t work out as expected for Ireland. At least in terms of its translation to reduced unemployment.
Debt-Friendly Stimulus
One instance from one country does not a significant argument or outcome make.
In general I see the Liberatopians and debt hawks come from the wood work.
last I checked. . . Nordic countries had a MUCH higher overall standard of living than the U.S. despite the "tax and spend" mind set... they must get more for their money than we do.
Also, last I checked the recovery in the most austere countries has been among the slowest. There is considerable history to support Keynesian policies in an updated and modified form.
Our Children’s Economics
Economics could use a paradigm shift coming from a crisis point ala Thomas Khun. I got the sense that whatever new work is done it is constantly cast into the Hayek-Keynes box, which I would argue is not productive or doing the discipline or anyone else any favors. As time begins to shed light on the failures of libertarian ideology my hope is that the politics of economics and ideology can be overcome to advance the discipline. History in the other sciences has shown that when all is thought to have been discovered something else major is around the corner.