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Normally you would want to use monetary policy to optimize aggregate output, and use regulation to burst bubbles. But with deregulation-mania in full  swing, now the central bank is supposed to fix bubbles and to hell the the overall economy.
by rz on Tue Jul 1st, 2014 at 09:16:52 AM EST
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As if on cue...


A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Migeru (migeru at eurotrib dot com) on Tue Jul 1st, 2014 at 09:21:35 AM EST
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The BIS thinks any problem can be solved with monetary tightening. We could replace the BIS with a parrot and no-one would notice the difference.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Mon Jul 7th, 2014 at 02:19:59 PM EST
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