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Government must step in to remedy the failure of the market. This is, of course, the great lesson that Keynes imparted.
GOP candidate for governor says former N.Y.C. mayor can speak to N.J. issues, while former Alaska Gov can't -- The New Jersey Governor's Race
In terms of the unforeseeable and destructive effects of government regulation, it's difficult to find a better example of a time bomb: it was set in 1934 to explode in $147 billion (about $239 billion in 2008 dollars) of damage 55 years later.[8] Then, to top it all off, the free market received the blame! While the establishment Left is certainly horrible on the issue of housing, the Right has ...
http://www.JewishWorldReview.com | The lady is just full of surprises, isn't she? It wasn't enough that Sarah Palin decided not to run for re-election as governor of Alaska; she had to announce she was resigning the governorship in a couple of weeks.
It's the 1970s, and the stock market is a mess. It loses 40% in an 18-month period, and for close to a decade few people want anything to do with stocks. Economic growth is weak, which results in rising unemployment that eventually reaches double-digits.
A Nobel Prize winning mathematician drew such an audience that his talk almost never happened. Somehow, the mathematical "genius" was allowed to go on with his lecture on "Ideal Money and Asymptomatically Ideal Money."
Political moves meant prevent unemployment served to do the opposite, creating one of the worst fiscal disasters of the century.
IT IS easy to get confused. The arms of government seem to be using one hand to dole out cash and another to hold it in.
As most readers will know, a collection of damning quotes has surfaced recently, exposing Paul Krugman, the doyen of the economic Left, as having been completely backward on the most material economic event in our generation: the housing bubble. My recent article on the subject, "Krugman's Intellectual Waterloo," has elicited some pretty heated rearguard apologetics
High hopes dashed. No, not Andy Murray's unsuccessful quest to win Wimbledon this year. I'm thinking of last Thursday's US employment report for June. It was hardly the best news ahead of the July 4th Independence Day celebrations.
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