March 18, 2010

No Reason for Economic Optimism

Compared to all earlier post-WWII U.S. recessions, the current recession is quite exceptional. It was brewing for a long time.First, the Asian growth miracles began to exert immense demand pressure on the world's natural resources around the beginnin...

March 22, 2009

What President Obama Should Know About Recessions

The tools are in place to get us out of the recession, and could already have been used to good effect.Ideal and Actual Anti-Recession PolicyAs macro-economies falter and the aggregate demand for labor falls, monetary authorities should automatically...

February 6, 2009

An Economist's Advice to President Obama

Recessions are ideally prevented by countercyclical variations in the relevant money supply.  As economies falter and the demand for labor wall, monetary authorities should automatically expand the money supply so as to restore the original wage...

September 24, 2008

No bailout necessary

You probably don't know me. I'm the one person in the world who explained and then predicted the magnitude and timing of the U.S. real estate bubble on the exact month of the peak in a professional economics journal (pages 37-8). Although that e...