Archive for September, 2011

The Markets Would Thank Us For Defaulting — "Financial markets have no memory. They are driven by the opportunity tomorrow rather than by recrimination for yesterday." Default by Greece, then by Ireland, would let both countries, and the financial markets, make a fresh start

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Benford’s Law used to detect nations lying about their macroeconomic data exposes Greece’s dishonesty. We should use this to analyze US numbers before the crash to check for naughtiness.

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China tech stocks dive on threat of US fraud probe

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Hayek fears the cost of American healthcare, so Charles Koch’s Institute encourages him to use Social Security.

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What a Liquidity Trap Looks Like in Pictures

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What is the economic principle behind taxing capital at a lower rate than labor?

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And is this the best strategy for creating economic growth? Why or why not?

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Poll: 90% of Americans say economy stinks – The number, reported Friday in a new CNN/ORC International Poll, is the highest of Barack Obama’s presidency and a significant increase from the 81 percent who said conditions were poor in June.

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Beware trivially valid articles about economics.

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U.S. economic recession shifted FICO credit scores. According to FICO data, the number of people with excellent credit didn’t fall during the recession — it grew.

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What would be the economic impact of Herman Cain’s 9-9-9 plan?

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America faces a jobs depression. Keynes was right: only government can get us out of this jobs slump. And only taxing wealth can restore US prosperity.

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Markets Can Be Very, Very Wrong

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NEIN, NEIN, NEIN, and the death of EU Fiscal Union: "…there has been a colossal misunderstanding…of what has just has happened in Germany."

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‎"Rate on 30-year mortgage falls to record 4.01 pct."

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The next time somebody feeds you the bullshit that the unemployment is getting better remember this…

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The 10 US States with the Highest Gas Prices

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The Scariest Economic Forecast You’ll Read Today

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The Other Side Of Household Balance Sheets

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U.S. lags behind Iran, Mongolia, Lithuania in income equality.

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Market Monetarism: The Second Monetarist Counter-revolution [pdf]

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