Stimulus or Austerity: Round 2 – The Battle Within

TweetRecently, I posted the story of Estonia and their rebuilding after the latest global financial crisis through austerity measures. Even more recently, Arthur Laffer argues that austerity would have been way better for the United States and the Obama stimulus, as well as the actions by the Fed, have only worsened our recovery. His proof is a … Continue reading Stimulus or Austerity: Round 2 – The Battle Within

Stimulus or Austerity in a Crisis? You Decide

TweetIt’s the old economic adage: what works better in a crisis – stimulus or austerity? For most of the world in 2007, the latter was the answer. For a few countries though, austerity was the road they chose. For example, Estonia, a small Eastern European nation once defined by the Soviet Union’s reign over the … Continue reading Stimulus or Austerity in a Crisis? You Decide

Mutualize European Debt: Round 11 “Get to the Chopper!”

Tweet  EAT MY BALLS, Steve. First, yes Europe will mutualize their debt in the near future, or the Euro will fail and Armageddon will rein. Second, there is no case in which a pure austerity plan has worked when not in conjunction with a stimulus plan or some other outside financial windfall. Third, the free … Continue reading Mutualize European Debt: Round 11 “Get to the Chopper!”

Mutualize European Debt: Round 10 – Time to Grow Up Dick

TweetIt’s cute that you think Europe will mutualize its debt next month, it really is. You probably also think Palestine will have its own territory by December, Iran will ally with the United States to bring peace in Syria, and that J.K. Rowling is secretly writing another Harry Potter book. Face it Dick, none of … Continue reading Mutualize European Debt: Round 10 – Time to Grow Up Dick

The Deficit Dilemma

Tweet   The graph above provided by the Economist displays two possible scenarios from the Congressional Budget Office for the future of the US deficit and overall economy.  The first scenario called Baseline and represented in dark blue is what will happen if the Bush tax cuts expire and the Federal government cuts spending, mostly … Continue reading The Deficit Dilemma