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Do We Need Economists?

Not if you listen to Carmen Reinhart and Ken Rogoff (R-R) who continue to wallow in a controversy of their own making. As you are aware these are the economists whose research has, along with similar work, been the intellectual underpinning for much of the hyperventilating by right wingers about the evils of high levels of […]

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House Price Fever?

Yesterday’s news that the Case-Shiller index continues to move upwards is not necessarily good. The index shows that home prices rose another 0.3% in February bringing the increase since that time in 2012 to 9.3%. That’s the fastest annual rate of price increases for six years. The winding down of foreclosures, low interest rates, and […]

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