Feed on
Posts
Comments

Daily Archive for February 14th, 2012

And Another Economic Darwin Award Candidate …

Posted in Economic Illiteracy on Feb 14th, 2012

OK, I cannot give it yet to Romney until he gets the nomination, but how about this bozo (Markey, not Giberson)? The USDOE’s response apparently didn’t mitigate Markey’s concern; today the Congressman introduced two bills intended to impede the export of natural gas. (See here and here.) One bill would prevent the Federal Energy Regulatory Commission from […]

Read Full Post »

Macroeconomics (is) for Dummies

Posted in Macroeconomics on Feb 14th, 2012

Be careful when you read people talking about aggregate demand shortfalls. When you hear it, they are about to recommend expansionary fiscal or monetary policy to “reinstate” aggregate demand. But demand is not demand is not demand. Remember your micro. How do we define demand? It is both your willingness AND ABILITY to pay for […]

Read Full Post »