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	<title>the rational post &#187; great depression</title>
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	<link>http://www.freedom24.org/rationalpost</link>
	<description>a collection of essays and articles on the science of everyday life</description>
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		<title>axis of upheaval</title>
		<link>http://www.freedom24.org/rationalpost/2009/03/23/axis-of-upheaval/</link>
		<comments>http://www.freedom24.org/rationalpost/2009/03/23/axis-of-upheaval/#comments</comments>
		<pubDate>Mon, 23 Mar 2009 18:38:29 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[history & society]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[efficiency]]></category>
		<category><![CDATA[great depression]]></category>
		<category><![CDATA[history]]></category>
		<category><![CDATA[markets]]></category>
		<category><![CDATA[obama]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=695</guid>
		<description><![CDATA[While many observers are still consumed by the economic complexities of the financial crisis, historians have been busy making predictions about the ominous geopolitical implications of a destabilized global economy, rising unemployment, falling incomes, and swelling ethnic tensions. Much like its individual citizens, countries in the aggregate tend to retrench in the face of uncertainty about the future, and that could lead to some dangerously myopic decision-making in the months and years ahead&#8230;
The Axis of Upheaval
By Niall Ferguson in Foreign Policy, March/April 2009
Forget Iran, Iraq, and North Korea—Bush’s “Axis of Evil.” As economic calamity meets political and social turmoil, the world’s worst problems may come from countries like Somalia, Russia, and Mexico. And they’re just the beginning.
Seven years ago, in ...]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>mad money</title>
		<link>http://www.freedom24.org/rationalpost/2009/01/25/mad-money-monetarist-theory/</link>
		<comments>http://www.freedom24.org/rationalpost/2009/01/25/mad-money-monetarist-theory/#comments</comments>
		<pubDate>Sun, 25 Jan 2009 17:07:03 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[finance & economics]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[free markets]]></category>
		<category><![CDATA[friedman]]></category>
		<category><![CDATA[great depression]]></category>
		<category><![CDATA[greenspan]]></category>
		<category><![CDATA[history]]></category>
		<category><![CDATA[macroeconomics]]></category>
		<category><![CDATA[monetarist theory]]></category>
		<category><![CDATA[money supply]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=566</guid>
		<description><![CDATA[For nearly a quarter century, Milton Friedman&#8217;s monetarists and their acolytes at the Federal Reserve have pursued American prosperity on the assumption that the sheer quantity of money in the economy, along with the degree to which it turns over annually, are the principal levers shaping macroeconomic fundamentals. For the better part of the 20th century that assumption held true as money supply was carefully managed, rising when the economy needed a boost and contracting when it was overheating. 
The theory draws its roots from a colossal failure by the Federal Reserve during the Great Depression. It suggests that the severity of the recession could have been mitigated if only the Bank had flooded the system with money, providing inter-war ...]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>pity the nation</title>
		<link>http://www.freedom24.org/rationalpost/2008/12/17/pity-the-nation/</link>
		<comments>http://www.freedom24.org/rationalpost/2008/12/17/pity-the-nation/#comments</comments>
		<pubDate>Wed, 17 Dec 2008 04:40:19 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[history & society]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[development]]></category>
		<category><![CDATA[great depression]]></category>
		<category><![CDATA[middle east]]></category>
		<category><![CDATA[society]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=446</guid>
		<description><![CDATA[Prescient words from Lebanese poet Khalil Gibran in 1934&#8230;
Pity the nation that wears a cloth it does not weave,
eats a bread it does not harvest,
and drinks a wine that flows not from its own wine-press.
Pity the nation that acclaims the bully as hero,
and that deems the glittering conqueror bountiful.
Pity the nation that despises a passion in its dream,
yet submits in its awakening.
Pity the nation that raises not its voice
save when it walks in a funeral,
boasts not except among its ruins,
and will rebel not save when its neck
is laid between the sword and the block.
Pity the nation whose statesman is a fox,
whose philosopher is a juggler, and whose art is the art of patching and mimicking.
Pity the nation that welcomes its ...]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>bucket shops</title>
		<link>http://www.freedom24.org/rationalpost/2008/12/07/bucket-shops/</link>
		<comments>http://www.freedom24.org/rationalpost/2008/12/07/bucket-shops/#comments</comments>
		<pubDate>Sun, 07 Dec 2008 18:55:46 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[history & society]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[financial markets]]></category>
		<category><![CDATA[great depression]]></category>
		<category><![CDATA[history]]></category>
		<category><![CDATA[leverage]]></category>
		<category><![CDATA[speculation]]></category>
		<category><![CDATA[video]]></category>
		<category><![CDATA[wall street]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=442</guid>
		<description><![CDATA[Over-the-counter gambling on the markets has been around much longer than modern derivatives pundits would have you believe. The New York Times was warning against &#8220;casino capitalism&#8221; as early as 1905, when side bets on market movements were both commonplace and unregulated, and won the attention of an American government still swaggering after its victory over the mega-trust companies of the late 19th century. The following 60 Minutes segment discusses both the nature of CDS instruments and how they&#8217;ve become just as dangerous today as they were in the &#8220;bucket rooms&#8221; or gambling houses of the 1920s&#8230;


]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>an extraordinary episode</title>
		<link>http://www.freedom24.org/rationalpost/2008/09/16/an-extraordinary-episode/</link>
		<comments>http://www.freedom24.org/rationalpost/2008/09/16/an-extraordinary-episode/#comments</comments>
		<pubDate>Wed, 17 Sep 2008 01:47:50 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[history & society]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[geopolitics]]></category>
		<category><![CDATA[globalization]]></category>
		<category><![CDATA[great depression]]></category>
		<category><![CDATA[macroeconomics]]></category>
		<category><![CDATA[theory]]></category>
		<category><![CDATA[trade]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=293</guid>
		<description><![CDATA[Keynesian reflections from 1919 on the first era of true globalization, complete with bountiful trade, unparalleled upward mobility, liquid labor markets, secure international travel, and a blissful ignorance of the fragility of this new 20th Century World Order&#8230;
What an extraordinary episode in the economic progress of man that age was which came to an end in August 1914! The greater part of the population, it is true, worked hard and lived at a low standard of comfort, yet were, to all appearances, reasonably contented with this lot. But escape was possible, for any man of capacity or character at all exceeding the average, into the middle and upper classes, for whom life offered, at a low cost and with the ...]]></description>
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