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Archive for October 2010

Excessive credit leads to crash… so expand credit again?

Martin Wolf in today’s Financial Times puts the Federal Reserve’s “quantitative easing”, as well as other countries’ monetary expansions, into perspective: Monetary policy has worked, in practice, via credit expansion. It is, as a result, at least partly responsible for the debt crisis of today. Who can now confidently state that reliance on a policy which […]

The rent is too damn high

At a seven-candidate debate for governor of New York, Jimmy McMillan of the Rent Is Too Damn High Party stole the show. Here is a video clip of his performance. His catchphrase was remixed into a dance-beat tune, which is catching on quickly. 

October 2010
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