Deflation is still the enemy
November 17, 2010 4:51 pm

Paul Krugman points out today that core inflation is at its lowest level since recordkeeping began in 1957.

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Guess Where Our Debt Came From?
November 17, 2010 7:52 pm

Reagan, Bush and Bush by James Fallows

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A Hedge Fund Republic?
November 18, 2010 10:07 am

NICHOLAS D. KRISTOF

....Meanwhile, inequality in the United States has soared to levels comparable to those in Argentina six decades ago - with 1 percent controlling 24 percent of American income in 2007.

At a time of such stunning inequality, should Congress put priority on spending $700 billion on extending the Bush tax cuts to those with incomes above $250,000 a year? Or should it extend unemployment benefits for Americans who otherwise will lose them beginning next month?

One way to examine that decision is to put aside all ethical considerations and simply look at where tax dollars will do more to stimulate the economy. There the conclusion is clear: You get much more bang for the buck putting money in the hands of unemployed people because they will promptly spend it.....

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