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Government

GOP Shutdown: Corporate Media Frames It Wrong

Photo courtesy of Salon.com The GOP Shutdown and “He Said-She Said” Reporting (via Moyers & Company) It’s almost certain that we’ll see the government shut down on Tuesday. The last time that happened, in 1996, it cost $2.1 billion in today’s dollars. Breaching the debt limit would be far, far worse – nobody knows how […]

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Government

Federal Reserve Experimenting With US Economy

(Illustration by Victor Juhasz) Federal Reserve Couldn’t Wait for Washington to Reach a Consensus Last year I listened to two very intelligent people being interviewed on Bill Moyers program. One of the guests was Yves Smith, a brilliant economist with an incredibly keen financial mind. She writes for her own blog called Naked Capitalism. It […]