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The net result is nonsensical policies that fail to achieve their stated objectives.
We live in an era of illusion:  the illusion of understanding, and the illusion of control.
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Few institutions reflect these illusions better than the Federal Reserve , though the Pentagon, Congress, the Imperial Presidency, the sick-care cartel and the higher...
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Here's a chart that shows how the Status Quo "fixes" every problem: it transfers more debt and more losses to the taxpayers.
Many hold a touchingly naive faith that the Status Quo will save them even as the current system unravels.  Why is this faith naive?
Let's start with this key question:  does the Status Quo strike you as being even...
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A fresh political maelstrom is brewing in southern Europe. It may not be a repeat of Greece or Italy, but it represents another nadir in the eurozone's shaky democracy...
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Can the stock market completely ignore these changes and keep powering higher on the fumes of Mario Draghi's promises?
Judging by October's rocket launch, the stock market is back to where it should be, i.e. in rally mode. Yee-haw!  All it took to keep the party going was another rate cut in China, another "whatever it takes" assurance from...
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Governor of the Bank of England Mark Carney insists rate rises are a "possibility not a certainty" but urges UK households to prepare for tighter monetary policy now...
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The UK's housing market is dominated, but not defined, by the capital...
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Fiscal Myths of Campaign 2016: A New Kindle e-Book

Most of the world, and most notably the United States, is in the grip of fiscal myths fostered by the ideology of neoliberalism. There is virtual unanimity across the major political parties in the United States in accepting the viewpoint of neoliberalism, and the fiscal myths associated with it.

Thi...

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Global stock markets rally and commodity prices rise after Chinese policymakers attempt to boost slowing growth with package of rate cuts...
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There are various strategies to build your professional abilities by training. It doesnt always have to cost a large number or thousands of dollars. Several teaching selections are low or free cost. Reading Papers, publications, magazines, web content all offer an opportunity for understanding. Wasting a Thursday morning at try your library might...

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