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Trade Deficits and Devaluation

…first Reagan term? Other bloggers have been noting recent Asian Central Bank mercantilism, which is a point I have not given sufficient credit to, but should. Effectively, the exchange rate…

Defending Mankiw – Not

…my last commenting noting how Becker disagrees with the free lunch idea. And if a Bushie want the best explanation of why Becker and I may be shortchanging the benefits…

Gannon

…upon noting that for 1 + X2 + X3 + X4 + … = 1/(1-X), a mathematician/philosopher whose identity I’ve since forgotten (Descartes?) concluded that the infinite was finite and…

CNN reports weak employment growth (finally)

…and Wall Street economists are saying. The story continues with lots of quotes from independent economists as well as noting that the CEA is now forecasting 175 thousand new jobs…

Before And After

…in America today in order to satisfy the hungry beast. That’s a rather substantial difference. I imagine that adding a disclaimer noting the change simply slipped the editors’ minds. AB…

Bruce Bartlett on the Alleged Housing Bubble

Bruce asks what bubble: It is worth noting that housing prices aren’t just rising here, they are rising worldwide. According to the Economist magazine, housing prices rose 65 percent in…

Whistling in the Dark

…concede any of his positions,” said fellow moderate Sen. Olympia Snowe, R-Maine, noting that Specter has so far supported all of Bush’s nominees. “He obviously hasn’t changed his position with…