Monthly Archives: January 2009

Madely in the morning, January 30, 2009

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Spending ourselves silly

Now it’s obvious what the pre-budget leaks were about. They were softening us up, so when we saw the actual $84.9 billion five-year deficit figures we’d go, oh well, that’s only $20 billion more than the $64 billion over two … Continue reading

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Measure it anyway

I’ve always treasured a crack by Rose Friedman about the illusion of precision in economics. Her husband Milton was half-way through declaring that if you can’t measure something you don’t really understand it when she interrupted with “If you can’t … Continue reading

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What’s $84.9 billion?

Uh, that’d be eight four nine zero zero zero zero zero zero zero zero. So if you earned $84,900 a year you’d have to work for a million years just to pay for the deficits the government expects to run … Continue reading

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Grover Cleveland: A model for President Obama?

[From Mercatornet.com]
The latter part of the 19th century was a period of appalling economic crisis in America. 1873-1896 was known as “The Great Depression” long before the 1930s came along. Farmers faced falling prices, workers toiled in massive new factories … Continue reading

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