Want To Fix The Deficit? Pass Cap-and-Trade

At some point, the country is going to have to raise revenues to fix the deficit. And cap-and-trade, if done the right way -- if permits are sold, rather than given away to the industry -- can produce quite a lot of revenues: $145 billion per year initially, the CBO estimated in 2008...

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Labor Force Realignment and (NOT) Jobless Recoveries

by Hale "Bonddad" Stewart @ 8:00 AM The "jobless recovery" is in fact a realignment of the US labor force. Fewer...employees are needed to produce durable goods. ...does not mean the US manufacturing base is in decline. If this were the case, we would see a drop in both manufacturing output and productivity. Instead both those metrics were UP...

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538:The Stupidity and Hypocrisy of the Austerity Movement

There has been growing talk of the need to reign in reckless government spending. Regrettably, this talk is not based in any knowledge of economics or history...

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Did LeBron James Just Cost Himself $150 Million?

Did LeBron James Just Cost Himself $150 Million?

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