Archive for March, 2012

Why Is Their Recovery Better Than Ours? — Why has the US recovered from financial crisis faster and stronger than the UK? Shocks to both economies were of a similar scale, and both central banks pursued similar policies. Yet there were crucial differences (PDF)

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Wall Street Closing Out Its Best First Quarter Since 1998

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Lets say a country existed that only operated on a "local economy" type of system that limited its imports to exotic products that could not be produced domestically. Would this countries citizens have a higher or lower standard of living compared to developed nations?

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-I'm not sure how exporting would be handled (allowed)

-I realize that smuggling would increase in some areas

-I know many problems would exist, but wonder if other problems would be solved and if it would be a more stable system.

-I apologize if this is inappropriate for this subreddit. I mainly was looking for discussion.

submitted by KiDIcaruS
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“Kipper und Wipper”: Rogue Traders, Rogue Princes, Rogue Bishops and the German Financial Meltdown of 1621-23

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Why Some Countries and Cities Are So Much More Expensive Than Others

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Consumer Spending Rising, Along With Optimism for Economy – NYTimes.com

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Keeping it to themselves Gulf states not only pump oil; they burn it, too

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US consumer dipping into savings

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Big Oil Buys Senate To Protect Government Subsidies – YouTube

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Floodgates

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The Rich Get Even Richer

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Eurozone ministers boost firewall to $1tn

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‘American Icon’ Examines Ford’s Rebound – Review – NYTimes.com

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Is the economy growing faster than we knew? Using GDI as opposed to GDP

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Interesting article that actually explains the choice between taking the Mega Millions lump sum or the annuity option.

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Owning Your Own Job: the Cleveland Evergreen Cooperative Model

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A good walkthrough of the odds of winning the MegaMillions lottery

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Water: vital to life and an investment essential – Commodities Corner – MarketWatch

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You are an old man who thinks in terms of nations and peoples. There are no nations. There are no peoples. There are no Russians. There are no Arabs. There are no third worlds. There is no West! We no longer live in a world of nations and ideologies.

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Keynes famously said, "In the long-run we’re all dead." It’s obvious Keynes understood his school of thought was flawed over the long-run, yet people still run their countries around it…

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I think after a few thousand fucking years of economics at work, we can all agree greed is the motivating driver behind all economic policy, whether or not people want to accept it. Yet being greedy is frowned upon.

submitted by CJP84
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