The Bush Legacy: Deflation or Inflation?
Since 2001, the Bush administration has entangled the United States in a war that is undefined in terms of its …
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Mark-To-Model, Into The Twilight Zone
On Sept. 30, the Securities and Exchange Commission challenged the primacy of using market prices as a measure of value. …
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Shelter from the Storm
In my April 16, 2007 column I warned that the U.S. was trapped in a dangerous boom-bust cycle that began …
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Banking Crises: Plus Ça Change
Banking crises are all too common. They are also costly. The potential cost of the most recent bail-out package in …
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A Great Depression?
The financial crisis of 2008 has prompted many commentators to claim that we are about to enter another Great Depression. …
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The Printing Press
In October the producer price index sank 2.8%, its biggest one-month drop since the Labor Department began measuring it in …
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