ben bernanke

The last opportunity for effective action before disaster strikes

By / 78 Comments / 13 November 2008

Summary:  The Paulson Plan is already irrelevant.  New and larger measures are needed immediately.  This is the second post in a series describing their size and scope.  We are only weeks away from disaster.  Fortunately, I am certain that Secretary Paulson and Chairman Bernanke know this.  Bernanke, as an expert on the Great Depression, certainly understands the …

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A solution to our financial crisis

By / 21 Comments / 11 January 2015

I received quite a few critiques of my “provide analysis but no solutions” policy.  So here are my recommendations, based on guesses about the course of events.  Being neither an economist nor financial guru, this describes the broad policy actions I suspect are needed — but not the details.  These measures are consistent with the posts I …

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Slowly more voices are raised about the pending theft of taxpayer money

By / 9 Comments / 14 November 2008

Slowly the terror and panic subsides.  The outrageous claims of certain doom come from members of several groups, the largest being… those who seek to raid the government’s coffers, regulators, who malfeasance had a large role in creating the problem, statists, excited at the prospect of expanding the government’s power. A quick look at the Paulson/Bernanke proposal …

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Consequences of a serious US recession – part II

By / 3 Comments / 11 January 2015

Summary:  this series speculates about the consequences of a deep and long recession over the next few years.  How might we react?  How might this change America?  The first post examined our alternatives.  This post discusses possible changes in our financial system.  The last chapter looks at the effect on Americans, and America.  Our next President will face these challenges, so your vote in …

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Understatement can be a form of courage — a comment about the US economy

By / 7 Comments / 24 May 2008

Summary:  a look at what our leaders are saying today, where we are going (with an ominous comparison with the past), what we can expect to hear from them in the future if America’s citizens continue to slide along, and a (not the) solution. After 12 years of obscure gibberish from Chairman Greenspan and two years of …

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