Category Archives: U.S.

American Recovery Act and stimulus program has a multiplier of more than 2: hence it was a very effective program

Posted on February 20, 2013 by

There have been a lot of false claims made about the ineffectiveness of the American Recovery act and the stimulus that it administered. But if one actually examines the data and calculates the rise in the GDP over the years … Continue reading →

Posted in business cycles, deficit hysteria, fiscal policy, Keynesian multiplier, treasury view, U.S., Uncategorized, unemployment | Tagged , | Leave a comment

U.S. jobs report January 2013 unemployment 7.9% 157,000 jobs added:clear need for further fiscal stimulus

Posted on February 1, 2013 by

The U.S. Bureau of Labour Statistics has released the employment report for January . It shows that unemployment rose slightly to 7.9 %, 157,000 new jobs were added and there were significant upward revisions to employment numbers for last November … Continue reading →

Posted in austerity, business cycles, deficit hysteria, deficits and debt, Federal Reserve, fiscal policy, full employment, monetary policy, quantitative easing, U.S. | Tagged , , | Leave a comment

U.S. 4th quarter GDP shrinks by 0.1 percent: No time to cut spending

Posted on January 30, 2013 by

The news came as a surprise to many but the 4th quarter of 2012 experienced a slowdown in growth that resulted in a very marginal but nonethess a negative growth rate for the GDP. The source of the problem was … Continue reading →

Posted in austerity, business cycles, deficit hysteria, deficits and debt, fiscal policy, full employment, U.S., Uncategorized, unemployment | Tagged , , | 1 Comment

Keynes’s Fundamental Equations From The Treatise on Money

Posted on December 11, 2012 by

The symbols used in A Treatise on Money are somewhat different from the General Theory  and for those who are familiar with GT but not the Treatise are a little confusing at first. See both Keynes’s A Treatise on Money vol.1 ch.10 … Continue reading →

Posted in austerity, business cycles, classical economics, European unemployment, fiscal policy, full employment, J.M.Keynes, monetary policy, treasury view, U.K. economy, U.S., Uncategorized, unemployment | Tagged , , | Leave a comment

”Entitlement”programs is a loaded term:Social Democratic Minimum is a Better More Accurate One

Posted on December 8, 2012 by

During the fiscal cliff negotiations in the U.S. one hears the term ”entitlement” programs frequently. This is of course an ideologically loaded term that by its very nature seeks to suggest that basic social democratic minimum programs like health care, … Continue reading →

Posted in classical economics, community, free trade and globalization, Keynesian welfare state, U.S., Uncategorized | Tagged , , | Leave a comment

US Unemployment Rate Falls to 7.7% from 7.9%:Positive trend continues

Posted on December 7, 2012 by

  The latest U.S. unemployment rate shows a continuation of the positive trend of lower unemployment and a gradually healing eeconomy. The headline rate for November 2012 dropped two tenths of a percentage point to 7.7 % from its October … Continue reading →

Posted in American Presidential election, business cycles, fiscal policy, full employment, U.S., Uncategorized, unemployment | Tagged , , | Leave a comment

Obama wins decisive but narrow victory in both popular vote and electoral college.

Posted on November 11, 2012 by

This past week’s American election marks an important historical turning point. A broadly based multi-cultural multi-lingual diverse lifestyle progressive 21st century  coalition won a narrow but decisive victory over a much more conservative traditional 20th century coalition. Both sides worked … Continue reading →

Posted in American Presidential election, austerity, business cycles, fiscal policy, full employment, U.S. | Tagged , , | Leave a comment

President Obama leans across finish line just ahead of Romney

Posted on November 6, 2012 by

I have followed American Presidential politics and elections ever since as a young boy I lamented the defeat of Adlai Stevenson by Dwight D.Eisenhower in 1956.American elections despite their blemishes remain vibrant and exciting . American democracy despite the corruption … Continue reading →

Posted in American Presidential election, U.S., Uncategorized, unemployment | Tagged , , , | 1 Comment

Unemployment and the Battleground states in the American election

Posted on October 19, 2012 by

The unemployment rate has played a large role in this election. The Republicans have claimed that unemployment and the slow rate of economic growth are the fault of President Obama and his stimulus policies. I have indicated in an earlier … Continue reading →

Posted in American Presidential election, U.S., unemployment | Tagged , , | Leave a comment

This U.S. recession’s recovery in comparison to 7 earlier ones:unemployment 45 months after its peak

Posted on October 17, 2012 by

One critical way of guaging the severity of a recession, the impact of policy and the changing circumstances of the gobal economy is to examine the behaviour of unemployment during and after a recession. Fortunately we have excellent monthly data … Continue reading →

Posted in austerity, business cycles, deficits and debt, full employment, U.S., Uncategorized, unemployment | Tagged , , | Leave a comment