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Foreclosure Mess

Today’s news that the administration will side with the big banks and not call for a moratorium on foreclosures is just another example of the extent to which those in power will go to protect their banking benefactors. It is an extraordinary slap in the face for decency and common sense. The issue is simple: […]

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The Role Of Uncertainty in Economics

So much of economic theory needs to be replaced. We now realize that. I am especially focused on getting rid of the artificiality of rationality and complete knowledge from our thinking. At best they are crude approximations to real life. At worst they totally undermine our ability to deal with real world economic issues. They […]

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