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Harlan Green
Harlan Green has been the 11-year Editor-Publisher of, a weekly syndicated financial wire service that publishes up to 3 weekly columns under the headings: Popular Economics Weekly, Financial FAQs, and The Mortgage Corner. His mission is to enhance the popular understanding of economic issues. He also publishes the Popular Economics Weekly Blog.

Harlan writes a weekly financial column for the Santa Barbara News-Press, is an economic forecaster and teacher of real estate finance. He has a 30-year record of success as a banker and mortgage banker.

Entries by Harlan Green

The Bully Mentality

(1) Comments | Posted April 14, 2014 | 2:15 PM

Why does the USA have such a problem with bullies? Whether in the schools, in politics, or on Internet social media? The result has been teenage suicides, horrendous school shootings by students who felt bullied or belittled, and now a whole political party that opposes anything that smacks...

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The Ryan Budget Myth and Obamacare

(2) Comments | Posted April 3, 2014 | 12:04 PM

Representative Paul Ryan has come up with his latest Republican budget proposal, and it changes nothing. It neither promotes economic growth, nor reduces the budget deficit, as with past Republican budget proposals. That's because its real target is to win some Senate seats by targeting Obamacare, for starters....

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Fed Chair Yellen Is the Workers' Best Friend

(0) Comments | Posted April 1, 2014 | 11:11 AM

We have just heard from new Federal Reserve Chairperson Janet Yellen in her first official speech entitled, What the Federal Reserve is Doing to Promote a Stronger Job Market. Her speech not only boosted the financial markets, but confirms the Fed will do all in its power to...

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Greenspan's Greed and the Federal Deficit

(40) Comments | Posted March 28, 2014 | 3:29 PM

The deficit this year is expected to be $514 billion -- just 3 percent the size of the economy and significantly less than the $1.4 trillion deficit Congress ran up when it pumped stimulus into the economy in 2009.

"Although the deficit in the Congressional Budget Office's baseline...

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So Fannie and Freddie Weren't the Problem...

(4) Comments | Posted March 21, 2014 | 10:08 PM

We are learning just how much mortgage fraud was committed by 18 national and international banks and other financial entities that the Federal Housing Finance Authority (FHFA) originally sued to recover some $200 billion in losses to the GSEs that it regulates, Fannie Mae and Freddie Mac.

And today

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What Did Janet Yellen and FOMC Comments Mean?

(0) Comments | Posted March 19, 2014 | 4:31 PM

The moment that the Federal Reserve's FOMC meeting ended, and its comments were released, interest rates rose. Why? Because bond-holders and currency traders in particular (the dollar exchange rate rose, also), believed that the Fed could raise interest rate guidance sooner, when in fact Fed Chair Yellen meant just the...

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Losing Fannie and Freddie: A Terrible Idea

(9) Comments | Posted March 16, 2014 | 5:15 PM

There was a reason Fannie Mae (Federal National Mortgage Association) and Freddy Mac (Federal Home loan Mortgage Corporation) were government created entities, before they became private corporations in the 1970s. They encouraged homeownership at a time when owning a home was only for the wealthiest. Though Fannie Mae -- the...

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Government Is Missing in Job Creation

(6) Comments | Posted March 14, 2014 | 12:37 PM

We know now why job creation has been so weak in the recovery from the Great Recession, or Lesser Depression, as some have called it. Governments have lost too many jobs, and that mostly includes public safety and healthcare workers, as well as some 300,000 teaching jobs lost due to...

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Janet Yellen's Nemesis--The Great Moderation

(2) Comments | Posted March 6, 2014 | 10:09 AM

New Fed Chairwoman Janet Yellen has a great task ahead of her. How to combat the results of the Great Moderation, as it was called, that period of low inflation with moderate economic growth that prevailed from 1985 to 2007, according to Paul Krugman. But why, when lots of jobs...

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Wisconsin's Painful Austerity Lesson

(3) Comments | Posted February 24, 2014 | 9:18 AM

Governor Scott Walker is having his own problems with the ongoing investigation into staffers using public funds for political campaigning as a County Manager, but it doesn't seem to faze him as he touts the success of his austerity policies.

The only problem is that government austerity...

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Hoorays for New Fed Chair Yellen

(0) Comments | Posted February 18, 2014 | 10:55 AM

Fed Chairwoman Janet Yellen's congressional testimony proved that she is more than qualified to steer the US economy back to health. She is the economists' economist, in a word, willing to explain the most basic economic truths in her first marathon session (seven hours) before the House Financial...

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Weak Employment Is American Austerity at Work

(28) Comments | Posted February 7, 2014 | 4:58 PM

Is economic growth grinding to a halt, even as pundits predicted better growth in 2014? Nonfarm payrolls have advanced just 188,000 over the past two months, when this was the average monthly increase in prior months. It does look like past austerity policies are still holding U.S. back.

As in...

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Where Are The Brave Ones?

(6) Comments | Posted January 26, 2014 | 1:11 PM

Now that China has replaced 1980s Japan as the economy that might surpass us, can we find one brave policy maker, (including President Obama), that's willing to sound the alarm? China now has a robot roaming the moon, and various predictors say it could surpass the U.S. as...

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How Did We Reduce World War II Debt?

(2) Comments | Posted January 16, 2014 | 4:25 PM

There is a productive way to pay down the federal and consumer debt loads, instead of the austerity policies currently in vogue both here and in Europe (i.e., cut taxes and government spending), thus freeing more capital to grow the U.S. economy. It means implementing policies that will increase average...

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Will Janet Yellen Lead 2014 Rally?

(5) Comments | Posted January 14, 2014 | 10:44 AM

Consumer spending and future economic growth will depend on just how hard New Fed Governor Janet Yellen pushes the Federal Reserve Governors to maintain QE3 in 2014. She is a UC Berkeley economist interested more in creating jobs, and most of the Governors are bankers that would rather fight the...

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Beware of the Taperians!

(0) Comments | Posted January 6, 2014 | 9:04 AM

Now that the Fed has begun to reduce its QE3 securities' purchases $10B per month in January, what will that do for growth? My answer is it's too soon to say. Firstly, beware of the 'Taperians', those who would end QE3 too soon. As outgoing Fed Chairman Bernanke...

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The Great Income Divergence--Part II

(5) Comments | Posted January 3, 2014 | 2:04 PM

Ben Bernanke is now defending his record as Fed Chairman. He shouldn't have to, as without the Fed's easy money policies--such as QE3--the economy would surely have plunged back into recession, as the European Union has done with its ongoing austerity policies.

This is but the outcome...

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The Great Divergence

(0) Comments | Posted December 16, 2013 | 9:29 AM

The so-called "minimalist" budget deal just reached by Congress is another illustration of the great divergence in wealth distribution of recent years that has eclipsed the middle class. The Great Divergence is not a term usually associated with inequality, but a term coined my historian

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Paying It Forward Is Sustainable Economic Growth

(3) Comments | Posted December 8, 2013 | 2:34 PM

The Fed has said it wouldn't begin to boost interest rates until sustainable economic growth was achieved. However, no one has actually defined what that means. Fed Chairman Bernanke maintains it is when full employment is achieved, or the unemployment rate drops to around 6.5 percent. Others have said it...

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Equality Is Good For Everyone!

(1) Comments | Posted November 21, 2013 | 2:09 PM

It looks like some states are beginning to take the equality issue seriously again. Massachusetts just raised their minimum wage to $10 per hour, California is raising it to $8.25 over 2 years, with New Jersey and other states to follow.

And last week, the Center for American Progress launched...

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