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Libertarian Smoke

This has been a good week for Ron Paul. He is a libertarian from Texas. I wish he would stay there. But, unfortunately, he seems to surface a lot these days on pretty much any news outlet owned by Rupert Murdoch. Earlier in the week he was grilling ben Bernanke, and generally bemoaning the evil […]

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There They Go Again

Sometimes you have to wonder. About economics that is. If you are a politician, no matter how odd your policy, you can find an economist who will provide you with theoretical cover. No wonder the subject is a mess. And no wonder Brad DeLong can say that there is no economic theory as such. All […]

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Good News: Jobless Claims Drop

We should all acknowledge that today’s report is good news. New claims for unemployment assistance dropped again, to 368,000, which is 20,000 lower than last week. This is the best level they have been since may 2008. Better yet, the four week average is also down to mid-2008 levels at 388,500, which tells us that […]

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