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…The Diminishing Productivity of Debt Chart …the most important chart of your lifetime. It relegates almost all modern economists and economic theory Any economic theory, formula, or relationship Print This Post
…If historians look back on today’s severe downturn …For generations, the deficits that we have run this past decade Print This Post
A Lament for the Class of 2010: New college graduates face a labor force that neither wants or needs them; a plum job interning at a street fair …hundreds of thousands of Millennials graduate from institutions of higher learning…Then they will enter a labor force that neither wants nor needs them. They will enter an economy where roughly [...] Print This Post
The Laffer Curve, anyone know what this says?
It says that at this point on the revenue curve you will get exactly the same amount of revenue as at [...] Print This Post
The Class War We Need The rich are different from you and me. They know how to game the system. …Americans with million-dollar mortgages are defaulting at almost twice the rate of the typical homeowner. It suggests an infuriating scenario in which the average American slaves away…while fat cats and high fliers cut their losses and [...] Print This Post
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