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It’s The Process, Stupid

…strategic exploitation. Some of these processes now possess the power to radically alter public outcomes regardless of electoral sentiment or broad public preference. When governing mechanisms are balanced, transparent, and…

‘Headline’ Surplus/Deficit and ‘Headline’ Debt

…Operating surplus/deficit = unified deficit – net investment (public capital investment – depreciation of public capital) 3. Primary surplus/deficit = unified deficit – interest outlays on inherited debt 4. Cyclically…

Good Cop/Bad Cop or Tit for Tat ?

…there can be no doubt about perceptions here. Even people who think that managers of TARP assisted firms didn’t fink know that most of the public is outraged. They also…