The key to understanding the proposed benefits and limitations of the proposed stimulus plan lies in grasping the basic tenets of Keynesian economics. Keynes’s theories began to fade in popularity towards the end of the seventies. For nearly thirty years, businesses and investors lobbied for market deregulation; and...
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It’s that time again. Time to make that New Year’s Resolution about your finances and totally forget about it by mid February. Seriously, there’s no better time to actually STICK to your financial resolution for the new year than this year – 2009. Here are a few major things that you should put into effect...
read moreMy favorite economist thinks President-Elect Obama’s proposed economic stimulus plan is insufficient. Paul Krugman writes in today’s New York Times, “The economic plan he’s offering isn’t as strong as his language about the economic threat. In fact, it falls well short of what’s...
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Well, it was inevitable folks. Critics from across the ideological spectrum are rearing their heads in order to voice their opposition to the proposed stimulus plan. Despite his inauguration still being two weeks away, Obama and his advisers are working with Congress to have the plan ready to sign the day after he is sworn...
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Finally, the recession is producing tangible benefits for the average American. Credit card lenders are so worried about huge numbers of people defaulting on their credit card payments that they are willing to negotiate debt settlements that are very favorable to the consumer. Lenders are lowering interest charges, extending...
read moreToday, some tentative good news. According to Blue Chip Economic Indicators, if the government does indeed pass the massive bailout package, the economy could start recovering as early as July 2009. Over fifty economists from respected banks, brokerage firms, and insurance companies contributed to this forecast. Of course,...
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