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Grand Bargain R.I.P.

Thank goodness too. There was some angst amongst left leaning analysts earlier this week because the smoke signals rising from the White House suggested that Obama had not given up the idea of changing the indexation for Social Security. This indexation is the way in which payments are calculated each year to offset inflation. A […]

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Quotes of The Day #6: Adam Smith – Socialist?

No, not really, but almost. Here’s a couple of quotes – both from “The Wealth of Nations” – that would not sit well in contemporary right wing American politics: “Our merchants and masters complain much of the bad effects of high wages in raising the price and lessening the sale of goods. They say nothing […]

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More Profit Bias

There’s quite a fuss surrounding those disincentives to work within Obamacare that the Congressional Budget Office mentioned last week. If you recall it was spun by right wingers as a loss of jobs, when, in fact, it was a reduction in the supply of labor because workers decided not to work. It was a good […]

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