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Archive for March 12th, 2010

Deep Concepts

I don’t know what else to say about THIS, except “Well, Duh!” To follow Krugman’s allegory, if you send all the potential for growth overseas, lock in wages to a miserable dribble, and transform whatever production we do have, into high flying bogus financial instruments  that disappear into the night, well then yeah, debt becomes [...]

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