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Bizarro Economics of Paul Krugman
Raymond L. RichmanIn an op-ed in the NYT (12-14-09), entitled “Disaster and Denial,” Paul Krugman blames the current recession on “Wall Street.” He writes, “With the meltdown caused by a runaway...
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Would $33 billion per year in climate reparations lead to U.S.bankruptcy?
Howard RichmanSome economists think that President Obama is borrowing the United States into an eventual bankruptcy. They point to the huge expansion of the U.S. government debt during his...
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Rep. Sandy Levin (D-Mich) warns that any climate agreement must permitborder...
Howard RichmanAs far as I can make out from today's news reports, there was no progress on border adjustments in Thursday's negotiations. They may be the only major stumbling block left. China is...
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Obama offers $33 billion per year in climate reparations - we'republished in...
Here's how we begin:As the UN Climate Control Conference comes to an end today, many issues remain to be negotiated, including the size of the emissions cuts and the future of the Kyoto treaty. But one...
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China nixes climate agreement
The UN Climate Change Conference ended in failure. The last-minute accord negotiated by the US, China, India, Brazil and South Africa, after most world leaders had left on December 18, was in no way...
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Prof. Paul Krugman Recommends Inflation
Raymond L. RichmanNobel Prize-winning economist Paul Krugman, in his NYT column (12-18-09), entitled “The Curse of Montagu Norman” reiterates the advice he gave the central bank of Japan to end its...
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Obama gives China a free-pass to emit CO2 - we're published in theAmerican...
We begin:The U.N. Climate Control Conference in Copenhagen ended in failure in that no binding agreement was reached to reduce CO2 emissions. China nixed the agreement by refusing to compromise on the...
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Steven Dunaway: The U.S.-China Economic Relationship: Separating Factsfrom Myths
I missed this excellent commentary on November 16 when it was published by the Council on Foreign Relations. Essentially, Steven Dunaway argues that the United States has nothing to lose in putting...
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US Business Investment Fell during Third Quarter
The Bureau of Economic Analysis just released its third estimate of real economic growth for the third quarter of 2009:3.5% - this was the preliminary estimate issued October 29.2.8% - this was the...
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Kenneth N. Davis advocates quick passage of Buffett's ImportCertificates plan...
Howard RichmanWriting in the December 1 Huffington Post, Kenneth N. Davis, former US Assistant Secretary of Commerce and IBM CFO proposed an actual solution to our economic problems which would get to...
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