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  • Monthly Archives: February 2009

    Get Ready for 'Hankie Pankie II'

    It is not everyday we get to agree with Paul Krugman, so it is our pleasure to link to his comments last week about President Barack Obama’s burgeoning plans to request hundreds of billions of dollars of more borrowed money to further socialize our nation’s banks: As the Obama administration … More

    The Left is the Real Party of Hoover

    Professor of European Political Economy at the London School of Economics, Willem Buiter, writes at the Financial Times: I used to be optimistic about the capacity of our political leaders and central bankers to avoid the policy mistakes that could turn the current global recession into a deep and lasting … More

    The Global Government Debt Bubble

    This Friday the New York Times reported: Even as Congress looks for ways to expand President Obama’s $819 billion stimulus package, the rest of the world is wondering how Washington will pay for it all. … “The U.S. needs to show some proof they have a plan to get out … More

    Morning Bell: The Ugly Face of Progressive Corporatism

    During the height of the Monica Lewinsky scandal, President Bill Clinton mastered the art of burying bad news: release everything late on Friday afternoon and hope everyone in Washington forgets about it by Monday. Only one week into his presidency it is clear that President Barack Obama is equally adept … More