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Stimulate Economy by Reducing Imports

Most current stimulus plans ignore the contribution to our decline caused by imports. And they ignore the potentially huge benefits from reducing...
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Personal Income Report: Worse Than It Appears; Private Wages Nosedive

Yesterday's Personal Income Report does not support the "green-shootism" so often discussed in the main stream media.In current dollars,...
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Jobs Losses From Outsourcing: Current Proposals Are Worthless

When the topic of outsourcing and job losses is discussed, the "solutions" proposed are often nearly worthless, especially when actual...
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In Defense of Keynes: Aggregate Demand, Pump Priming, & "Leakage"

The central theme of Keynesian economics was that aggregate demand drives the economy. This has never been "discredited". To the contrary...
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The Collapse of US Manufacturing & Industrial Production

US manufacturing and industrial production continues to collapse, falling another -0.4% in June. This follows a downwardly revised -1.2% decline in...
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Tariffs: The Smoot-Hawley fairy tale

The Smoot-Hawley TARIFF has long been wrongly criticized as causing the Great Depression, or at least worsening it. It did neither. Smoot-Hawley...
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