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The Shiller Hedge

One of the reasons economists can be really annoying is that they always hedge. Or rather the more ethical, sober, and diligent ones do. This is, I think, because they have no strong theoretical footing. There is too little definitive in economics. Most of it is couched in excessive caveats. And even then it rarely […]

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The End Of The World. Again.

Conservative people always predict the end of the world as we know it when confronted by reform. They are right. That’s the point of reform. In the last two to three hundred years, during the great progress we have made towards our modern freedoms, every single step has engendered an “end of the world” reaction. […]

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More Extremism

Nobody likes losing elections. To do so is to suffer the rejection of things held dear. Still there’s always the next, which is a saving feature of democracy. Apparently the Republicans have no time for democracy: they want to short circuit the process and topple Obama right now. More particularly they want to topple Obamacare. […]

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