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A New Year, Same Old

While I was taking  year-end break the world seems to have taken a few steps towards the decidedly weird. I think the oddest story of the lot is the activity out in Oregon where a small group of gunmen have hold themselves up in a Federal bird sanctuary as an act of defiance against the […]

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Santa Claus, Taxes and Deficits

“Deficits don’t matter”, to borrow a phrase made famous by Dick Cheney. Hardly a left of center guy, Cheney was defending the sea of red ink Ronald Reagan created in the early 1980’s. Reagan, please recall, was the first president to plunge the US into deficits that were not related to war, economic downturn, or […]

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Interest Rates, Faith, and Democracy

What a pickle! The Federal Reserve Board’s meetings have become a media event. The last few days – weeks if you want to be more inclusive – have been awash with media chatter and analysis about the probability that the Fed will, at last, raise interest rates. As a public service here are the pros […]

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