Tag Archives: the administration

What’s holding back the recovery?

By Adam HershApril 30, 2014 Nearly five years since the start of the business-cycle expansion, the U.S. economy is still struggling to gain traction. Compared to the prior three U.S. expansions, going back to 1982, the economy is recovering at … Continue reading

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America has conquered its debt crisis with incredible speed

By Ambrose Evans-Pritchard12:06AM BST 24 Apr 2014 Americans are purging their excesses one by one. Spending by the US Federal government has seen the steepest drop as share of national income since demobilisation after the Second World War. Claims that … Continue reading

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Those Who Ignore History…

http://pragcap.com/those-who-ignore-history by The Pragmatic Capitalist (pragcap.com) My position over the last 2 years has been as follows: this is a Main Street debt crisis. I have been highly critical of the government’s incessant interventionist policies over the last few years … Continue reading

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The Fed Must Print More Money… Lots of It.

by Ambrose Evans-Pritchard http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/7857595/RBS-tells-clients-to-prepare-for-monster-money-printing-by-the-Federal-Reserve.html Entitled “Deflation: Making Sure It Doesn’t Happen Here”, it is a warfare manual for defeating economic slumps by use of extreme monetary stimulus once interest rates have dropped to zero, and implicitly once governments have spent … Continue reading

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Dangerous Calls for Hooverian Balanced Budget Policies

By Paul Krugman http://www.nytimes.com/2010/06/28/opinion/28krugman.html Recessions are common; depressions are rare. As far as I can tell, there were only two eras in economic history that were widely described as “depressions” at the time: the years of deflation and instability that … Continue reading

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The Danger Posed by Huge Future Deficits ‘is Zero’

by James Galbraith May 12, 2010 source: http://voices.washingtonpost.com/ezra-klein/2010/05/galbraith_the_danger_posed_by.html James Galbraith is an economist and the Lloyd M. Bentsen Jr. chair in government and business relations at the University of Texas at Austin. He’s also a skeptic of the prevailing concern … Continue reading

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