Category Archives: U.S.

Poli 610 Fall term 2011

Posted on August 25, 2011 by haroldchorneyeconomist

Poli 610 2011 fall term Pol. 610  Macro-economic policy-making after Keynes Concordia University fall, 2011 Prof. H. Chorney tel. 848 2424 ext.2106  e mail Chorney@alcor.concordia.ca Office hours tba This course is an intensive examination of macro-economic policy-making and macro-economic theory … Continue reading →

Posted in austerity, business cycles, Canada, deficits and debt, fiscal policy, J.M.Keynes, U.S., Uncategorized, unemployment | Tagged | Leave a comment

Japan’s rate of unemployment lower than conventional wisdom

Posted on August 20, 2011 by haroldchorneyeconomist

Much is being made these days of the possibility that Europe and the U.S. are going the way of Japan in terms of the risks of deflation and the freezing up of the financial sector complete with zombie banks. But … Continue reading →

Posted in deficits and debt, fiscal policy, Japanese unemployment, U.S., Uncategorized, unemployment | Leave a comment

Historical data from the bureau of labour statistics employment survey key information

Posted on August 5, 2011 by haroldchorneyeconomist

When tomorrow’s employment survey numbers are published they will be closely examined by market traders for signs of continued economic weakness or of economic recovery taking root. To better understand them it is useful to put the monthly survey numbers … Continue reading →

Posted in fiscal policy, U.S., Uncategorized, unemployment | Leave a comment

Market mayhem Dow drops 512 points: European and American double whammy need for stimulus not austerity

Posted on August 4, 2011 by haroldchorneyeconomist

The Dow dropped over 512 points in today’s trading, the largest one day drop in points since the 2008 crash, arousing fears of a second crisis and a deeper  second recession. Given the destructive American debt ceiling debate, its austerity … Continue reading →

Posted in deficits and debt, fiscal policy, U.S., unemployment | Tagged , , | 4 Comments

U.S. avoids default but unemployed will pay a steep price as slower growth is likely

Posted on August 3, 2011 by haroldchorneyeconomist

It is not a very pleasing outcome. President Obama and  more than half  the Democrats in Congress reluctantly accepted the lop sided package of austerity measures that the President and his team negotiated with a much tougher and strategically more … Continue reading →

Posted in U.S., Uncategorized | Leave a comment

After the Crash:Rediscovering Keynes and the origins of quantitative easing (2nd posting)

Posted on June 3, 2011 by haroldchorneyeconomist

By Harold R.Chorney Professor of Political economy, Concordia University Montréal, Québec Preface: More than twenty five years ago I began to write about problems of public finance.( Chorney, 1984) At the time that I began to do so, I never … Continue reading →

Posted in austerity, business cycles, Canada, China and europe, classical economics, deficit hysteria, deficits and debt, European debt crisis, European unemployment, Federal Reserve, fiscal policy, France politics+economy, full employment, Greek sovereign debt crisis, Hayek, Italian debt crisis, J.M.Keynes, Japanese unemployment, Keynesian multiplier, monetary policy, quantitative easing, quantity theory of money, treasury view, U.K. economy, U.S., Uncategorized | Tagged , , | 4 Comments

I’m Back

Posted on March 12, 2011 by haroldchorneyeconomist

Well its nice to be back on line after the hacker attack my e mail and blog suffered from last week. My blogspot site was attacked and although one can still visit it and view its contents I decided for … Continue reading →

Posted in austerity, business cycles, classical economics, deficit hysteria, deficits and debt, European debt crisis, Federal Reserve, fiscal policy, full employment, Greek sovereign debt crisis, Hayek, J.M.Keynes, Keynesian welfare state, labour market clearing, quantitative easing, quantity theory of money, treasury view, U.K. economy, U.S., Uncategorized, unemployment | Tagged , , | Leave a comment