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We’ve had dire warnings about runaway inflation for more than three years at this point. When do people start to consider that maybe they have the wrong model? Floodgates – NYTimes.com

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what the money of rich cranks does is ensure that bad ideas never go away — indeed, they can gain strength even as they fail in practice again and again. The notion that wonderful things happen if you cut taxes on the rich and terrible things happen if you raise them has a stronger hold… Continue reading Untitled

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when the rating agencies upgraded the UK outlook, the Cameron government hailed this as proof that austerity was working; when they downgraded it due to poor economic performance, the Cameron government declared that this showed the need for even more austerity. It’s Always Time For Austerity – NYTimes.com The beatings will continue until moral improves.

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a 2010 Stanford University study, for example, found that calorie labeling at Starbucks resulted in a 6 percent decline in the average calories per transaction (and, countering those who claim that such regulations harm profits, Starbucks actually increased its profits in the process). What corporations don’t want you to know – Salon.com

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When lieutenant governor Kerry Healey, a fellow Republican, called for suspending the state’s 23.5 cent gas tax during a price spike in May 2006, Romney rejected the idea, saying it would only further drive up gasoline consumption. “I don’t think that now is the time, and I’m not sure there will be the right time,… Continue reading Untitled

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owsposters: Goldman Sachs Admits to 60 Cents Per Gallon Download the poster pack Info source

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Remember how Ireland’s vigorous recovery proved Keynesian economics — and smarty-pants Keynesian economists — wrong? (via The Irish Model Continues to Shine – NYTimes.com)