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The Erble Economy

September 27th, 2013
in Op Ed

A Currency-Denominated Economy Cannot - By Definition! - Grow If The Denomination Units Don't Grow As An Automatic Function Of Real Growth, i.e., By Fiat!!!

by Roger Erickson, Mike Norman Economics

An organized group cannot easily grow if it doesn't allow itself to at least note and denominate any real growth trying to happen. Not allowing ourselves to "note" things reduces to denial of real growth. Where's the logic in that?

What? The slack-jawed yokels, Erskine and Bowles, want an example which their little pea brains can understand? Fine. Let the "Erbles" chew on the following classroom skit as they run around their little exercise wheel. It accurately paraphrases their Erble logic.

teacher-at-blackboard-380px

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French Budget: Juste pour rire!

September 27th, 2013
in Op Ed

Written by

As Byron might have said:

"I say the budget is a serious matter,
And so, for God's sake, hock and soda water
!"

But the French budget also creates its moments of mirth. For example, it introduces a new tax of 1% on corporate earnings before interest, depreciation and tax (EBITA), applicable on EBITA for 2013 and hereafter.

comedy-masks-380x190

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Perspectives: News Can Be Misleading

September 26th, 2013
in Op Ed, syndication

Written by

Today, our Video of the Day from Russia Today is techically correct but also very misleading. This is just one more example why you need many varied sources for your dose of news to get many perspectives.

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The Federal Reserve Signal Corps

September 25th, 2013
in Op Ed

Fed up date

by Warren Mosler

So we know QE is about signaling.

The Fed knew that tapering was a signal that they were okay with higher interest rates, including the already higher mortgage rates.

sos-semaphore-380x128

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Who Has the Best Job in America?

September 25th, 2013
in Op Ed, syndication

Written by

My answer is Pat Sajak, the host of ABC's "The Wheel of Fortune"!

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