Hey, Does Anyone Have a Better Idea?

Sales of Ford Motor Company’s trademark pick-up trucks and SUVs were down 28% for the month of June, sending the DOW plunging into bear territory again, along with news of the worst inflation yet this year and oil prices today nipping at $143 per barrel. It’s sad really, but also more than a bit . . . → Read More: Hey, Does Anyone Have a Better Idea?

What is the best analogy to help us understand the financial crisis?

In attempting to understand the current financial crisis I don’t have the benefit of a great deal of knowledge of macroeconomics. Nevertheless, I can understand only too well what many macroeconomists are saying about fiscal stimulus and multipliers because they are using Keynesian language that I learned in my first year at university 45 . . . → Read More: What is the best analogy to help us understand the financial crisis?