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In a wide-ranging interview on...

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Rush to snap up cheap TVs on Black Friday pushes up retail sales at strongest pace in a decade...
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The Technology Solution to the Democracy Crisis

By Joe Firestone

The spectacular intrusion of special interests into the passage of the $1.1 trillion government spending bill on December 13, 2014 was breathtaking as bankers and lobbyists whipped the vote by calling Congressional representatives directly to demand a host of special interest...

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Based on historical gold-oil ratios, oil appears extraordinarily cheap right now.
One way to establish if a commodity or asset is relatively expensive or inexpensive is to price it in something other than a fiat currency--for example, gold.  Gold goes up and down in value relative to other commodities and fiat currencies, so it is itself a...
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What’s Wrong with Heterodox Economics Journals?

By L. Randall Wray

I just came across a very interesting bit of research, A Guide to Paradigmatic Self-Marginalization: Lessons for Post-Keynesian Economists by Leonhard Dobusch and Jakob Kapeller; you can find it here.

I realize this is not going to be of interest to many of our readers, as...

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President Barack Obama is making a statement on a shift in United States policy toward Cuba. The shift comes after US Agency for International Development contractor Alan Gross and three members of the “Cuban Five” were freed from Cuba and the US in a prisoner swap.

The Associated Press reports , according to unnamed US officials...

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In an appearance on the...

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UK Determined to Win the Race to the Bottom and Remain the Global Financial Cesspool

By William K. Black Bloomington, MN: December 16, 2014

On June 20, 2012 the UK Commercial Secretary to the Treasury, Lord Sassoon of Ashley Park gave a speech to the British Bankers Association – the group the U.S. government (i.e., the FDIC) found to have...

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Will we ever tire of navigating the multiple layers of intermediaries between the customer and the provider, while corporate profits soar to unprecedented heights?
If we had to summarize what's wrong with Corporate America and the entire U.S. economy, we can start with all the intermediaries between the provider and the customer.  There are a...
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The 'cyclically-adjusted current budget' proposal was meant as a trap for the Labour Party, but has backfired on the Chancellor...

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