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What Remains of the Keynesian Revolution ?

…as a function of nominal GNP and the nominal interest rate. The LM curve is a hypothesis about money balances, GNP and the nominal interest rate. It has been overwhelmingly…

GAO US Government financial report…same news

…government’s inability to adequately account for and reconcile intragovernmental activity and balances between federal agencies, and the federal government’s ineffective process for preparing the consolidated financial statements.” Dodaro also noted…

Anything You Can Do I Can Do Better

…Investors. “I was shocked to find the differences in how they move money over time, what the original starting balances were, and the discretion some of them have to change…

Guantanamo release

…sixth detainee, Belkacem Bensayah, was properly classified an enemy combatant. It was the Supreme Court’s June 12, 2008 decision in Boumediene v. Bush (see Supreme Court Checks and Balances in…

The Wrong Crisis

…the worst of the worst of MBSs. Therefore it would be irrational to sell anything which is only semi toxic. There is a separating equilibrium with low volume of trade

What is the point of credit default insurance ?

…is always (almost always now) worth exactly $1, but which does not have a guaranteed price. Thus, it seems to me, the balances do not count as liquid liabilities of…

We have part of an answer

balances this week withdrew their money or told the firm they planned to, according to a person with direct knowledge of the matter. And the really good news: The loss…

Soc Sec XLIII: Solvency: Demographics or Productivity?

…determined by assumed demographics. This is shown pretty clearly in Table IV.B1.—Estimated Annual Income Rates, Cost Rates, and Balances, Calendar Years 1990-2085 [As a percentage of taxable payroll] where the…

Soc Sec XLI: Why not assume Low Cost?

…every year it is possible for the two measures to move in opposite directions with balances increasing even as ratio starts declining. Which is why people are able to play…