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Quote of the Day: 1

From Enrico Coen: “If we could somehow eliminate all discrepancies then all learning would come to a halt. … A perfect knowledge of the future would act like a mental anesthetic.” I wish economics would pay attention – or more attention – to people like Coen who explore real human capacities, and real human decision making. […]

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Right on Cue Ryan Goes Toxic

You have probably forgotten – I don’t blame you – that part of the truce signed at the end of the Great Government Close Down War was that a committee of grand folk would assemble to attempt the impossible. They were tasked with negotiating a budget settlement. The US hasn’t had a budget for years. […]

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Our Age of Imbalance

Dean Baker unloads on Alan Greenspan. Correctly. After all Greenspan’s hands were at one of the tillers that steered us all relentlessly onto the rocks back in before the crisis, so he deserves all the opprobrium we can throw against him. The problem is that the media still reveres Greenspan and treats him as a […]

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