Tag / Recession
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Waking Up From the American Dream
As we read headline after headline highlighting political gridlock, anemic economic conditions, and violent wars abroad, it’s easy to glean the common theme from the news: America is struggling. Our economy and political system have collapsed, and our international clout has diminished. People are increasingly skeptical of whether the US remains the world’s superpower. The…
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G20 Talks Fiscal Imbalance
The two-day G20 conference is set to start today in Seoul, South Korea. President Obama arrived in the city a day ahead and addressed a press conference about the possible talking points. China’s trade surplus, one of the more controversial developments of the last few years is bound to be a hotly debated topic. Critics…
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A Challenge to Voters
If you are planning on voting in the 2010 midterm election, which you should be, please pay close attention to the following important bulletin. First, do not vote out an incumbent merely based upon your disgust with the current state of the economy. I will agree that the economy remains in tatters, but blaming politicians…
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How Seriously Can We Take Economic Forecasts?
I’m being coy here, because Economics is, of course, a real field of study. There is a nobel prize for economics, and some of the most important evens of the decade have been due to economic factors. As a professional field, however, it has key differences with other social sciences. Rather, it is a quantitative…