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Quick Comment: Health Care and The Budget

OK. As we all slide into the silly season of budget fudging and name calling, can we all just agree that we will not arrive at a successful solution to our fiscal problems without recognizing the biggest long term cause of the mess. Health care costs. Yes, tax cuts created big holes in the budget. […]

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Keynesian Coffee

What is the difference between a neoclassical cup of coffee and a Keynesian cup of coffee? Answer: you can drink the latter and the former exists only in your mind. This thought came to me this morning when I decided to test the vaunted market mechanism that my neoclassical friends so adore. They always distinguish […]

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The Budget Day Two

Well that didn’t take long.We have now begun the circus I expect to last for a long time. Welcome to our national debate about fiscal priorities. How are we doing so far? Here’s John Boehner, leader of the House Republicans: “In the last two years, under President Obama, the federal government has added 200,000 new […]

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