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The State Of Economics

I can’t let this go by. Today’s New York Times has the following article by Greg Mankiw: Economics View-But Have We Learned Enough? NYTimes.com The article is fine. It’s the implication I want to bring to your attention. He concludes with some sobering words about the ability of the economics profession to understand … the […]

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Partial Nationalization Goes Ahead

To follow up my earlier comments: today’s discussions at the Treasury Department in DC involved the heads of most of the major US banks. The New York Times story is here: Treasury Outlines Investments in Banks Curiously Wells Fargo, the purchaser of Wachovia is not listed as an attendee. This is odd given the huge […]

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Stocks Soar on Pledges of New Capital

Is it just me, or does this headline taken from the New York Times suggest that the Stock Markets have embraced socialism?Stocks Soar on Pledges of New Capital How odd is it to see the Stock Market, a bastion of capitalism, making so much hay in response to the announcement of direct investments by national […]

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