The economic packages employed by the Bush Administration and extended by the Obama Administration are being increasingly questioned. Similar stimulus policies have been used for 50 plus years, although never in doses so large. “Stimulus” is merely a euphemism for inflationism and has been since the ideas of John Maynard Keynes [...]
Noland
 Productive vs Unproductive SectorsDespite what you hear and read, there can be no recovery until the private sector starts growing, and it has not. The public sector produces no products, gets in the way and generally hinders the private sector from accomplishment. Here is what has happened in the third quarter as reported [...] |
 Economic Policy is Wrong and Prolonging The PainDoug Noland at Prudentbear.com has another excellent article in which he argues persuasively that the focus of the government’s effort is wrong and will do additional damage: “The focus remains on financing the old structure. Indeed, I would argue that the current course of policymaking and market interventions only work [...] |
 How Abnormal Will Economic Policy Get?Image by wallyg via Flickr Doug Noland’s latest post regarding “The Newest Abnormal” tracks many of the past buzzwords applied to the economy. Past terminology applied to economics and markets shows up in hindsight to be little more than post-crises rationalization at best. At worst, it was a form of [...] |
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Keynesianism – A One-Trick PonyAnother good column by Doug Noland. This one deals with the inflationists and their one-solution solution for all economic problems. Here is part of the commentary: Inflationism doctrine is riddled with failings: Easy Credit distorts system pricing mechanisms; foments destabilizing speculation; spurs societal wealth transfer; distorts the underlying economic structure; [...] |
 “Inflationism” and InterventionDoug Noland of Prudent Bear tackles the flaws in credit and interventionism practiced by our government and concludes: “… it is my view that a flawed Credit apparatus, ill-advised government intervention, and dysfunctional market dynamics ensure economic maladjustment gets worse before it gets better.” His commentary on the current state [...] |
Fed All InDoug Noland of Prudent Bear comments on the Fed’s quarterly release of the Flow of Funds (emphasis added by me): “To summarize, there were no surprises in the Q2 2009 Flow of Funds. What I saw was confirmation of the Government Finance Bubble Thesis. “Uncle Sam Bets the House on [...] |
No Exit from Economic MessDoug Noland of www.Prudentbear.com has it right on his “No Exit” Possible scenario. Our economy has become totally dependent upon government spending, interventions and subsidies. There is no recovery in the private sector, nor is there likely to be one in the next several years. Federal meddling will continue to [...] |
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