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In Defense of Deficits

…general David Walker, and including the Robert Rubin wing of the Democratic Party and numerous “bipartisan” enterprises like the Concord Coalition and the Committee for a Responsible Federal Budget–have labored…

When Economic Stress Becomes Terrorism

…and others think the term “terrorist” has become overused and ought to be dropped. I sympathize with their frustration. Terrorists” have come to connote all-powerful super-villains, so evil and so…

Marshall Auerback responds

…sector is a big contributor to overall super excessive fixed investment in China. FDI will go to zero net. There will be strong forces for a reduction in fixed investment…

Massachusetts senate election

…will not offer that here. Of course, without the super-majority bar being pushed and accepted in the US Senate and a contentiously fought health insurance bill, this race would have…