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	<title>the rational post &#187; policy</title>
	<atom:link href="http://www.freedom24.org/rationalpost/tag/policy/feed/" rel="self" type="application/rss+xml" />
	<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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	<language>en</language>
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		<item>
		<title>the spanish prisoner</title>
		<link>http://www.freedom24.org/rationalpost/2010/02/11/the-spanish-prisoner/</link>
		<comments>http://www.freedom24.org/rationalpost/2010/02/11/the-spanish-prisoner/#comments</comments>
		<pubDate>Thu, 11 Feb 2010 06:03:49 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[world affairs]]></category>
		<category><![CDATA[capitalism]]></category>
		<category><![CDATA[crisis]]></category>
		<category><![CDATA[europe]]></category>
		<category><![CDATA[leadership]]></category>
		<category><![CDATA[leverage]]></category>
		<category><![CDATA[macroeconomics]]></category>
		<category><![CDATA[policy]]></category>
		<category><![CDATA[regulation]]></category>
		<category><![CDATA[speculation]]></category>
		<category><![CDATA[unemployment]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=2018</guid>
		<description><![CDATA[&#8220;Zapatero is not a good driver. It&#8217;s like a boat, which in calm waters steers fine, but when it gets bumpy, they are not prepared.&#8221; The same could be said for many of the world&#8217;s C-level leaders, so it&#8217;s perhaps not surprising that both companies and countries are finding out the hard way that credit can dry up when the sea gets choppy&#8230;
Not a bull in sight as the bears go after Spain
From the nosebleed seats of the E.U., government cries out &#8216;We are not Greece&#8217;
By Barbara Kollmeyer, MarketWatch
MADRID (MarketWatch) &#8212; Eduardo Fernandez Agudo is old enough to have lived through other economic crisis in Spain, but the current one has him worried enough.
&#8220;We are in a very difficult time. For ...]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>one island, two worlds</title>
		<link>http://www.freedom24.org/rationalpost/2010/02/02/one-island-two-worlds/</link>
		<comments>http://www.freedom24.org/rationalpost/2010/02/02/one-island-two-worlds/#comments</comments>
		<pubDate>Tue, 02 Feb 2010 22:02:16 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[finance & economics]]></category>
		<category><![CDATA[history & society]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[world affairs]]></category>
		<category><![CDATA[development]]></category>
		<category><![CDATA[empires]]></category>
		<category><![CDATA[geography]]></category>
		<category><![CDATA[haiti]]></category>
		<category><![CDATA[history]]></category>
		<category><![CDATA[policy]]></category>
		<category><![CDATA[recovery]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=1947</guid>
		<description><![CDATA[It isn&#8217;t surprising that so-called &#8220;ambulance economics&#8221; has gained mass policy appeal as the global economy descends into madness. The battlefield, after all,  is no place for quiet research and careful study.  But even the most pressing humanitarian disasters could use a little &#8220;clinical economics&#8221; to help decision-makers better chart out the way forward. Recent poverty relief efforts in Haiti, for instance, should certainly focus first on the bare essentials of sustenance, sanitation, and security. Once politicians and development professionals are able to stop the bleeding, however, the really critical work actually begins in terms of supporting the long-term prosperity of the country. In that spirit, any path forward should take into consideration the unique historical, geographic, cultural, and ...]]></description>
		<wfw:commentRss>http://www.freedom24.org/rationalpost/2010/02/02/one-island-two-worlds/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>volcker rules</title>
		<link>http://www.freedom24.org/rationalpost/2010/02/02/volcker-rule-sustainable-reform/</link>
		<comments>http://www.freedom24.org/rationalpost/2010/02/02/volcker-rule-sustainable-reform/#comments</comments>
		<pubDate>Tue, 02 Feb 2010 12:20:15 +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[bubble]]></category>
		<category><![CDATA[history]]></category>
		<category><![CDATA[macroeconomics]]></category>
		<category><![CDATA[policy]]></category>
		<category><![CDATA[regulation]]></category>
		<category><![CDATA[speculation]]></category>
		<category><![CDATA[volcker]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=1956</guid>
		<description><![CDATA[A perennial hot ticket on the lecture circuit at economic clubs and grad schools around the planet, Paul Volcker&#8216;s influence is finally starting to resonate where it counts: at both ends of Pennsylvania Avenue. As his testimony in front of the Senate Banking Committee looms, the broader premise of a more responsible financial services sector pursuing sustainable, profitable growth needs to get out in clear journalistic prose from a messenger untarnished by the last 18 months of political and economic triage. This Sunday NYTimes op-ed attempts to do just that, despite the complexity of the topic. Unfortunately, it falls a little short for those either too stubborn or greedy to listen or too impatient to digest his astute commentary on ...]]></description>
		<wfw:commentRss>http://www.freedom24.org/rationalpost/2010/02/02/volcker-rule-sustainable-reform/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>bunning ♥ bernanke</title>
		<link>http://www.freedom24.org/rationalpost/2009/12/17/bunning-%e2%99%a5-bernanke/</link>
		<comments>http://www.freedom24.org/rationalpost/2009/12/17/bunning-%e2%99%a5-bernanke/#comments</comments>
		<pubDate>Fri, 18 Dec 2009 01:52:21 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[bernanke]]></category>
		<category><![CDATA[crisis]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[macroeconomics]]></category>
		<category><![CDATA[monetary policy]]></category>
		<category><![CDATA[policy]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=1776</guid>
		<description><![CDATA[For all its flaws, one of the great strengths of the American political system is the degree to which competing perspectives fight to the death in Washington&#8217;s marketplace of ideas. A perfect example is the recent exchange between Senate Banking Committee member (and Baseball Hall of Famer) Jim Bunning and his monetary nemesis Fed Chairman Bernanke on the eve of a controversial re-nomination&#8230;

Bunning Statement On The Re-Nomination Of Ben Bernanke To Be Chairman Of The Federal Reserve
Senate Banking Committee on Thursday, December 3, 2009
Four years ago when you came before the Senate for confirmation to be Chairman of the Federal Reserve, I was the only Senator to vote against you.  In fact, I was the only Senator to even raise serious ...]]></description>
		<wfw:commentRss>http://www.freedom24.org/rationalpost/2009/12/17/bunning-%e2%99%a5-bernanke/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>financial crisis for beginners</title>
		<link>http://www.freedom24.org/rationalpost/2009/12/15/financial-crisis-for-beginners/</link>
		<comments>http://www.freedom24.org/rationalpost/2009/12/15/financial-crisis-for-beginners/#comments</comments>
		<pubDate>Tue, 15 Dec 2009 07:03:47 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[banking system]]></category>
		<category><![CDATA[CDS]]></category>
		<category><![CDATA[federal reserve]]></category>
		<category><![CDATA[japan]]></category>
		<category><![CDATA[leverage]]></category>
		<category><![CDATA[macroeconomics]]></category>
		<category><![CDATA[policy]]></category>
		<category><![CDATA[primer]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=1712</guid>
		<description><![CDATA[Commentators often question how recent events in global capital markets could possibly sneak up on the world&#8217;s leading economists and policymakers. One possible explanation begins with the premise that the average citizen is reasonably unaware of even the most basic financial and economic concepts – like fractional reserve banking and the time value of money. As a result, generations of otherwise sophisticated individuals have grown up trusting that our economic plumbing and the individuals who manage it are fundamentally sound.

From the sophisticated supply chain that furnishes your morning cup of Ethiopian dark roast to the number of travel miles it takes to fly home for the holidays, the financial system reaches seamlessly into virtually every part of our life. It ...]]></description>
		<wfw:commentRss>http://www.freedom24.org/rationalpost/2009/12/15/financial-crisis-for-beginners/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>volcker vs. greenspan</title>
		<link>http://www.freedom24.org/rationalpost/2009/12/10/volcker-vs-greenspan/</link>
		<comments>http://www.freedom24.org/rationalpost/2009/12/10/volcker-vs-greenspan/#comments</comments>
		<pubDate>Fri, 11 Dec 2009 03:58:37 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[featured]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[history & society]]></category>
		<category><![CDATA[biography]]></category>
		<category><![CDATA[federal reserve]]></category>
		<category><![CDATA[greenspan]]></category>
		<category><![CDATA[history]]></category>
		<category><![CDATA[keynes]]></category>
		<category><![CDATA[macroeconomics]]></category>
		<category><![CDATA[monetary policy]]></category>
		<category><![CDATA[policy]]></category>
		<category><![CDATA[volcker]]></category>
		<category><![CDATA[washington]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=1782</guid>
		<description><![CDATA[Much like the shifting partisan politics which rules Washington in 2- to 4-year cycles, stewardship of the Federal Reserve has ebbed and flowed between neo-Keynsians and Austrians since the birth of American central banking nearly 90 years ago. Two of the Fed&#8217;s greatest leaders and keenest minds have crafted American monetary policy for most of the last three decades, and yet they couldn&#8217;t be more different. 
This is their story.
Power Brokers
How Paul Volcker and Alan Greenspan Reinvented the Fed
Economics has been called the “dismal science” for almost 200 years, remaining on the fringes of modern policymaking until a string of recessions and panics in the late 19th century. These tremors reminded political leaders that a basic understanding of market mechanics ...]]></description>
		<wfw:commentRss>http://www.freedom24.org/rationalpost/2009/12/10/volcker-vs-greenspan/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>reflections on a year of crisis</title>
		<link>http://www.freedom24.org/rationalpost/2009/08/22/reflections-on-a-year-of-crisis/</link>
		<comments>http://www.freedom24.org/rationalpost/2009/08/22/reflections-on-a-year-of-crisis/#comments</comments>
		<pubDate>Sun, 23 Aug 2009 02:56:01 +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[banking system]]></category>
		<category><![CDATA[bernanke]]></category>
		<category><![CDATA[crisis]]></category>
		<category><![CDATA[federal reserve]]></category>
		<category><![CDATA[history]]></category>
		<category><![CDATA[macroeconomics]]></category>
		<category><![CDATA[monetary]]></category>
		<category><![CDATA[policy]]></category>
		<category><![CDATA[regulation]]></category>
		<category><![CDATA[speech]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=867</guid>
		<description><![CDATA[A comprehensive if somewhat subjective view of the two years since the credit crisis first broke, direct from the horse&#8217;s mouth. Perhaps more interesting than any insider account of the Fed&#8217;s frantic response to the meltdown of the banking system is the degree to which the Chairman was concerned with the human impact of his macroeconomic policy-making&#8230;

 Reflections on a Year of Crisis
Chairman Ben S. Bernanke
Speech at the Federal Reserve Bank of Kansas City&#8217;s Annual Economic Symposium, Jackson Hole, Wyoming, August 21, 2009
By the standards of recent decades, the economic environment at the time of this symposium one year ago was quite challenging. A year after the onset of the current crisis in August 2007, financial markets remained stressed, the ...]]></description>
		<wfw:commentRss>http://www.freedom24.org/rationalpost/2009/08/22/reflections-on-a-year-of-crisis/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>stimulus maximus</title>
		<link>http://www.freedom24.org/rationalpost/2009/02/10/stimulus-maximus/</link>
		<comments>http://www.freedom24.org/rationalpost/2009/02/10/stimulus-maximus/#comments</comments>
		<pubDate>Wed, 11 Feb 2009 01:00:59 +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[fiscal policy]]></category>
		<category><![CDATA[growth]]></category>
		<category><![CDATA[policy]]></category>
		<category><![CDATA[stimulus]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=649</guid>
		<description><![CDATA[A visual schematic of America&#8217;s stimulus dollars at work, as proposed under the recently approved House bill&#8230;

]]></description>
		<wfw:commentRss>http://www.freedom24.org/rationalpost/2009/02/10/stimulus-maximus/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>size doesn&#8217;t matter</title>
		<link>http://www.freedom24.org/rationalpost/2009/01/10/regulation-size-doesnt-matter/</link>
		<comments>http://www.freedom24.org/rationalpost/2009/01/10/regulation-size-doesnt-matter/#comments</comments>
		<pubDate>Sat, 10 Jan 2009 23:42:07 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[finance & economics]]></category>
		<category><![CDATA[history & society]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[capitalism]]></category>
		<category><![CDATA[crisis]]></category>
		<category><![CDATA[equality]]></category>
		<category><![CDATA[governance]]></category>
		<category><![CDATA[policy]]></category>
		<category><![CDATA[regulation]]></category>
		<category><![CDATA[social security]]></category>
		<category><![CDATA[socialism]]></category>
		<category><![CDATA[stimulus]]></category>
		<category><![CDATA[wealth]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=533</guid>
		<description><![CDATA[Assuming that our lot in life is simply a function of hard work, acquired skills, and a bit of good luck, the only real difference between liberals and conservatives is the degree to which we believe that those who fall on hard times – for whatever reason beyond their control – deserve a helping hand. How we publicly spend on that assistance is not only a question of socio-political philosophy, but also a matter of practical statecraft. Whether &#8220;leveling the playing field&#8221; or simply &#8220;setting the rules of the game&#8221;, pharohs, kings, and presidents have all made use of their regulatory oversight with varying degrees of success. This piece in the Boston Review by noted macroeconomist Dean Baker explores the ...]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>the forever war</title>
		<link>http://www.freedom24.org/rationalpost/2009/01/05/forever-war/</link>
		<comments>http://www.freedom24.org/rationalpost/2009/01/05/forever-war/#comments</comments>
		<pubDate>Mon, 05 Jan 2009 17:35:32 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[in other words]]></category>
		<category><![CDATA[the middle east]]></category>
		<category><![CDATA[world affairs]]></category>
		<category><![CDATA[geopolitics]]></category>
		<category><![CDATA[history]]></category>
		<category><![CDATA[middle east]]></category>
		<category><![CDATA[policy]]></category>
		<category><![CDATA[war]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=484</guid>
		<description><![CDATA[If there&#8217;s any doubt remaining among global power-brokers that short-term foreign policy objectives are fundamentally flawed, recent events in the Levant have provided ample evidence. Such tribal conflict has played out in the Garden of Eden since northern Neanderthals and southern proto-human colonies first crossed paths during the last major Ice Age. Since that time, control over the region has changed hands a number of times, from Semetic tribes to Egyptian pharaohs to Roman Catholics to Muslim traders to Christian crusaders to Muslim Turks, and so forth. For every fence that was built and every line that was drawn, rivals always built a bigger ladder or dug a deeper tunnel. And so the feud was passed from generation to generation, ...]]></description>
		<wfw:commentRss>http://www.freedom24.org/rationalpost/2009/01/05/forever-war/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>harvard and the economy</title>
		<link>http://www.freedom24.org/rationalpost/2008/11/10/harvard-and-the-economy/</link>
		<comments>http://www.freedom24.org/rationalpost/2008/11/10/harvard-and-the-economy/#comments</comments>
		<pubDate>Tue, 11 Nov 2008 01:20:01 +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[fiscal]]></category>
		<category><![CDATA[harvard]]></category>
		<category><![CDATA[policy]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=388</guid>
		<description><![CDATA[As institutions around the world tighten their belts in response to the coming economic storm, we can only glimpse from their preparations the full breadth and depth of of &#8220;The Great Correction&#8221; and the many ways capital markets dictate the rules in our daily lives&#8230;
To Harvard Faculty, Students, and Staff:
I write today about the global economic crisis and its implications for us at Harvard.
We all know of the extraordinary turbulence still roiling the world&#8217;s financial markets and the broader economy. The downturn is widely seen as the most serious in decades, and each day&#8217;s headlines remind us that heightened volatility and persisting uncertainty have become our new economic reality.
For all the challenges such circumstances present, we are fortunate to be ...]]></description>
		<wfw:commentRss>http://www.freedom24.org/rationalpost/2008/11/10/harvard-and-the-economy/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>the 44th president</title>
		<link>http://www.freedom24.org/rationalpost/2008/11/05/the-44th-president/</link>
		<comments>http://www.freedom24.org/rationalpost/2008/11/05/the-44th-president/#comments</comments>
		<pubDate>Wed, 05 Nov 2008 15:48:40 +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[world affairs]]></category>
		<category><![CDATA[china]]></category>
		<category><![CDATA[geopolitics]]></category>
		<category><![CDATA[health care]]></category>
		<category><![CDATA[history]]></category>
		<category><![CDATA[obama]]></category>
		<category><![CDATA[policy]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=384</guid>
		<description><![CDATA[While the world comes to terms with yesterday&#8217;s historic call for change, Nouriel Roubini and his team have pulled together a laundry list of the many great challenges that lie ahead&#8230;

Barack Obama, the 44th President of the United States
RGE Monitor
The 2008 U.S. Presidential election was historic itself owing to the candidates’ profile. But the timing of the elections as the U.S. and global economy are in the midst of the worst financial crisis and recession in decades reminds us of the Great Depression era and the 1980s recession when incoming Presidents Roosevelt and Reagan faced immense challenges to cure the economy’s woes.
By the time Obama takes his oath in January 2009, he will face an economy which is still in ...]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>seven deadly sins</title>
		<link>http://www.freedom24.org/rationalpost/2008/10/28/seven-deadly-sins/</link>
		<comments>http://www.freedom24.org/rationalpost/2008/10/28/seven-deadly-sins/#comments</comments>
		<pubDate>Tue, 28 Oct 2008 19:37:08 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[bailout]]></category>
		<category><![CDATA[greed]]></category>
		<category><![CDATA[policy]]></category>
		<category><![CDATA[real estate]]></category>
		<category><![CDATA[stimulus]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=379</guid>
		<description><![CDATA[
]]></description>
		<wfw:commentRss>http://www.freedom24.org/rationalpost/2008/10/28/seven-deadly-sins/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>the great black north</title>
		<link>http://www.freedom24.org/rationalpost/2008/10/03/the-great-black-north/</link>
		<comments>http://www.freedom24.org/rationalpost/2008/10/03/the-great-black-north/#comments</comments>
		<pubDate>Fri, 03 Oct 2008 05:05:07 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[finance & economics]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[world affairs]]></category>
		<category><![CDATA[canada]]></category>
		<category><![CDATA[energy]]></category>
		<category><![CDATA[environment]]></category>
		<category><![CDATA[geopolitics]]></category>
		<category><![CDATA[infrastructure]]></category>
		<category><![CDATA[oil]]></category>
		<category><![CDATA[policy]]></category>
		<category><![CDATA[trade]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=310</guid>
		<description><![CDATA[As Canadians flock to the polls later this month, quietly supplying 22% of America&#8217;s oil and 13% of its natural gas, its neighbours to the south have barely noticed. Cross-border oil flows are inevitable – given that America controls of a mere 2% of the world&#8217;s reserves and consumes almost 25% of supply – and securing its long-term petroleum assumes the full participation of Alberta&#8217;s carbon-rich tar sands and the off-shore bounty at Hibernia. Even Governor Palin&#8217;s Wildlife Reserve is virtually useless without passage by pipe across Canada&#8217;s Western provinces. Given the importance of &#8220;Securing America&#8217;s Energy Future&#8221; during a twin election year, it&#8217;s surprising that talk hasn&#8217;t returned to NAFTA, cleaner energy, or agricultural subsidies. Then again, maybe it isn&#8217;t&#8230;

Canada&#8217;s ...]]></description>
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		<title>treadmill economics</title>
		<link>http://www.freedom24.org/rationalpost/2008/06/20/sachs-treadmill-economics/</link>
		<comments>http://www.freedom24.org/rationalpost/2008/06/20/sachs-treadmill-economics/#comments</comments>
		<pubDate>Fri, 20 Jun 2008 15:28:46 +0000</pubDate>
		<dc:creator>The Editor</dc:creator>
				<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[in other words]]></category>
		<category><![CDATA[development]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[history]]></category>
		<category><![CDATA[macroeconomics]]></category>
		<category><![CDATA[policy]]></category>
		<category><![CDATA[stagflation]]></category>
		<category><![CDATA[sustainability]]></category>
		<category><![CDATA[theory]]></category>

		<guid isPermaLink="false">http://www.freedom24.org/rationalpost/?p=245</guid>
		<description><![CDATA[It&#8217;s no surprise that financial crises – like intercourse, pro sports, and agriculture – run in alternating cycles of boom and bust. Classical economic theory suggests that such cyclicality can be overcome through innovations in resource use, factor productivity, and leverage. Classical history suggests otherwise. In the following rant, celebrity economist Jeff Sachs tackles the two-headed plague of stagflation &#8212; part stagnant economic growth, part inflation &#8212; and offers the 1970s as an illustrative case study in how to keep a resource-hungry, debt-ridden, war-wearied hegemon from spinning its economic wheels&#8230;

Stagflation is back. Here&#8217;s how to beat it.
By Jeffrey Sachs in Fortune
Three decades ago, in a bleak stretch of the 1970s, an economic phenomenon emerged that was as ugly as its ...]]></description>
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