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The Faux Economist

Just in case you were wondering if it was only the American sport media that never bothers to fact check: As an ex-presidential consultant, a former adviser to the World Bank, a financial researcher...

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The Latest Triumph of Obamanomics

You remember the “Summer of Recovery”? That was back in 2010 when the combination of fiscal stimulus and Obama frisson was supposed to get the economy moving again. Since then, we’ve been waiting and...

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A Recovery About Nothing

As you know, there are signs — tentative ones — that our economy is beginning to recover from Great Depression II. It’s about on schedule — I thought we would need about five years to crawl out of the...

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Beware Greeks Breaking Bonds

Just recently, I read Michael Lewis’s Boomerang, which includes a long essay on the economic problems of Greece. It’s difficult to describe Greece’s economy without the words “holy fucking shit, dude,...

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Jobs and Austerity

By reasonable standards, we got a good jobs report today. 271,000 hires with a drop in part-time employment, a rise in wages and positive revisions to earlier months. It’s not Reagan, but it’s good. So...

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