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Month: January 2015

Unlike at least one commenter, I'm inclined to think that Erik's reaction to the unfortunate Chait p.c. piece was pretty much appropriate.  But I suppose what's wrong with it could be spelled out in more detail.  First, as Angus Johnston says, it has a serious...
Greece edition: You see, the economic projections that accompanied the standby arrangement assumed that Greece could impose harsh austerity with little effect on growth and employment. Greece was already in recession when the deal was reached, but the projections assumed that this downturn would end...
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