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    On Expertise

    August 24, 2011

    Two snippets in the past few Financial Times editions have set me wondering once more about a favorite topic of mine: the relationship between the complexity of a modern economy [and society in general] and our consequent reliance on the expertise of others. There is, of course, little new in this: it is a standard […]

    Economics / taxes /

    The New Unfairness Doctrine

    August 23, 2011

    Up until now I hadn’t dawned on me just how twisted the Republican candidates have become. I wanted one of them to be sensible so as to provide a challenge to Obama who, in my opinion, needs a very firm kick up the rear end in order to generate a little energetic activity. After all […]

    Economics / consumer confidence, consumption, Federal Reserve Board, fiscal policy, home prices, inflation, Keynes, monetary policy, Obama, real estate, unemployment /

    Bits and Pieces From the Front Line

    August 18, 2011

    Historians will surely love to reflect on these days. Each seems to bring some violent twist. Each adds to the amounting confusion. Each makes the story that much more difficult to tell. Today we learned that last week’s apparent uptick in the labor market was an illusion. At least until next week. New claims for […]

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