Larry Davidson

Stock markets are up then down. The value of the dollar is soaring, while the ruble and many other currency values plummet. Are we headed back to another recession? Didn’t we just get out of a recession? Are we doomed to decades of slow growth? These are just some of the questions being asked these […]

If Federal Reserve Chairman Ben Bernanke steps down next year, his successor may be Janet Yellen. In a recent statement, she indicated that unemployment should become the priority for the Fed. It seems reasonable to want to aim all our policy guns at this plague. But many things that seem reasonable on the surface sometimes […]

Today we are faced with government debates about the importance of managing national debt. The President’s State of the Union Address did not show a strong movement towards debt reduction. Those of us who worry that growing debt can and will lead to another economic crisis in the U.S. often point toward U.S. fiscal policy […]