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Sterling rises to $1.6842 after Wednesday's strong jobs data provokes predictions of interest rate rises sooner rather than later...
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The interim government in Kiev’s military operation against “terrorists” in East Ukraine has collapsed. Local people stopped the military convoy and...

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Government by the Few (All In with Chris Hayes)

Roosevelt Institute Fellow Dorian Warren notes that we now have social science data that proves Occupy was right: our democracy is dominated by the wealthiest Americans.

Happy Tax Day (The New Yorker)

Benjamin Soskis examines America's esteem for

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So why does the government maintain such a transparently inaccurate and misleading metric? For three reasons.

That the official rate of inflation doesn't reflect reality is obvious to anyone paying college tuition and healthcare out of pocket.  The debate over the accuracy of the official consumer price index (CPI) and personal consumption...
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In many of my conversations with legendary speculator Doug Casey since the crash of 2008, Doug has talked about a coming super-bubble.

Everything Doug has studied about human nature, history, and economics—from Roman times right up to the present—has him absolutely convinced that the global economy is headed for high inflation, with a...

Wednesday, 16 April 2014 |

Turn That Frown Upside Down

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Turn That Frown Upside Down

(Updated – slides added)

Stephanie Kelton’s keynote address to the students, faculty, and visitors at Augustana College’s (Sioux Falls, SD) Undergraduate Research Symposium on Saturday, April 12, 2014 at 10am. Stephanie begins at 2:40. The topic of the keynote is Debt and Deficits in the Modern Economy....

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Pay rose to 1.7pc in February, level pegging with inflation, as the unemployment rates dropped below 7pc for the first time in four years....
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Garbage In, Garbage Out.

This well-worn phrase describes how feeding flawed data into a computer guarantees that it will spit out flawed results.

It applies equally to human endeavors: if you attempt to answer a question using bad data, your answer will be wrong, no matter how rigorous your analysis.

That’s why the ability to separate important i

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The crisis in Ukraine is taking some interesting twists and turns. After the interim government in Kiev launched what it called “anti-terrorist” operations in East Ukraine to force out pro-Russian demonstrators, Russian President Vladimir Putin has labeled the moves...
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Income inequality will continue to rise unless we close the performance pay loophole and curb the growth of executive compensation. For more, see "Fixing a Hole: How the Tax Code for Executive Pay Distorts Economic Incentives and Burdens Taxpayers," by Susan Holmberg and Lydia Austin.

It’s proxy season again, and we will soon be deluged with news p

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