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Recession Plans?

It is remarkable how quickly the discussion amongst policy makers has turned from denying the possibility of an economic downturn toward developing plans to alleviate the impact of one. here is a good run down on the subject from today’s New York Times:The Debate Over How and How Long The debate over the type, extent […]

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Poor Jobs Outlook

Today’s jobs data reinforces the view that the economy is slowing down quickly. Here’s the release as reported by MarketWatch, a Dow Jones website: Jobless rate jumps to 5% as payroll growth stalls The point to raise here is that not only was job growth really weak last month, but that unemployment jumped so strongly […]

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What Democracy?

By now most of you will have realized that I have a very low opinion of the American electoral process. Frankly it is not democratic, so I find it obnoxious, to say the least, when American politicians or commentators crow, lecture, or otherwise pontificate about the virtues of democracy. I am not alone. Christopher Hitchens […]

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