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+7 +2
The Fed Has Not Learnt From The Crisis
The Financial Crisis of 2007 was the nearest thing to a “Near Death Experience” that the Federal Reserve could have had. One ordinarily expects someone who has such an experience... By Steve Keen
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+13 +2
The poor are treated like criminals everywhere, even at the grocery store
Legislation to control our food choices is the latest indignity.
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+12 +5
America’s Endless War Over Money
The “Audit the Fed” debate is the latest manifestation of a conflict as old as the nation, over the role of a central bank.
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+11 +2
Jeb Bush Becomes Latest Republican To Admit Trickle-Down Economics Is A Scam
“If we grew at a far faster rate, the middle would no longer be as squeezed as they are,” Bush said. “We are in the sixth year of recovery, and median income is below what it was at the start of the recovery.”
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+19 +2
Iceland looks at ending boom and bust with radical money plan
Icelandic government suggests removing the power of commercial banks to create money and handing it to the central bank.
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+11 +6
«Any area of economic life is ripe for mechanism design theory»
Interview with 2007 Nobel laureate in Economics Eric Maskin on game theory subdiscipline
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+16 +3
Mankiw Mendacity and Morality and his League of Failed Economists
By William K. Black
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+16 +3
We Should Use Brands, Not Love Them
When I was an editorial staff writer at BuzzFeed, I wrote a post called “15 Things That Diet Coke Addicts Don’t Want to Hear About Anymore,” wherein I defiantly accepted the health risks of excessive Diet Coke drinking and only half-jokingly pledged allegiance to the beverage over my own family. While I should have recognized my deranged and pathological attachment to the toxic stuff, I focused more on the 778,000+ views and 23,000+ Facebook shares it got and...
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+11 +2
Stiglitz, De Blasio and Warren team up against inequality
Joseph Stiglitz, a Nobel Laureate in economics, has teamed up with New York Major Bill De Blasio and US Senator Elizabeth Warren to propose a major economic reform agenda for the US. Its focus: Reducing inequality.
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+16 +2
The Science of Scarcity
A behavioral economist’s fresh perspectives on poverty. By Sendhil Mullainathan
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+18 +3
An Economist’s Guide to Tidying Your Apartment
Is Marie Kondo's how-to book the dismal science in disguise?
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+10 +1
The Economist Who Realized How Crazy We Are
Richard Thaler made the equations a lot more messy. Which is good. By Michael Lewis.
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+14 +1
A Practical Vision of a More Equal Society
Thomas Piketty reviews “Inequality: What Can Be Done?” by Anthony B. Atkinson.
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+13 +7
Trapped in a Bubble
When in a hole, stop digging. But when in a bubble, keep blowing. – Not very ancient proverb
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+7 +1
The Free Market Fairy
It's time we stopped believing in the Free Market Fairy. To listen to the far right today, everyone from the movement conservatives to the lunatic fringe like Ron Paul, you can't get very far with out hearing about the Free Market Fairy. You know the one where you put your problem under the pillow and during the night the Free Market Fairy visits and your problem is solved the next morning.
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+8 +2
The Job Market: A Game of Musical Chairs Over Hot Coals
There's a common belief that people who don't have jobs somehow just aren't trying hard enough, and this belief is therefore based on the idea that there are enough jobs for everyone. To get a job, all one really needs to do is just go get one. But what's it really like out there?
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+12 +3
More Florida Fun
Others are picking up on the sheer amazingness — make that amazingness! — of Jeb! citing the record of bubble-era Florida as proof of his skill in economic management. Jim Tankersley adds some data to the picture. But I think there are a couple of additional important points to make here.
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+10 +1
Thinking About the All Too Thinkable
The path toward non-Grexit — toward Greece and its creditors reaching a deal that keeps it in the euro — is getting narrower, although it’s not yet completely closed. I’ve been reticent on the subject, for fear of adding my bit to the crisis atmosphere, and I still intend to keep it cool. But there are a few things that seem to need saying.
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Video/Audio+2 +1
Milton Friedman and Bill Clinton (1999)
Friedman and Clinton discuss policy issues.
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+9 +4
The Politicization of CBO Begins
What it looks like, I’m sorry to say, is the first indication that the new, GOP-dominated CBO is in fact going to be politicized, engaging in deficit scare tactics when that suits the majority, pro-tax-cut scoring, and more.
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