American Exceptionalism

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Steve Hochstadt: American exceptionalism is dangerous. The desire to proclaim superiority leads to stupidity, such as Perry’s claim in “Fed Up” that the US has “the best health care system in the world.”

Fed Policy Needs a U-Turn

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Brent Budowsky: America needs new thinking for monetary and fiscal policy. Fed policy has failed. Government policy is inadequate. Ron Paul has advanced an important debate.

Inflation — Fighting the Last War

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Steven Conn: For thirty years inflation has not been a serious threat to the American economy, yet politicians and pundits continually fret about it. The never-ending worry about inflation is like fighting the last war rather than the current one. What’s needed today is a war on unemployment and wage stagnation, not inflation.

The Rich Are Destroying the Economy

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Shamus Cooke: Because both parties simply threw money at the banks and hedge funds instead of punishing them, a condition of “moral hazard” was created, meaning, that banks would assume another bailout would come their way if they destroyed the economy again — too big too fail, remember?

An American Nightmare

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Steve Hochstadt: What does matter in 2011 is that mainstream libertarians and conservatives think a film that portrays Jews as evil monsters bent on world domination is worth showing, praising, and promoting. After decades of retreat, the antisemitism of Ford and Coughlin, and of the Nazis, is back, on a screen near you.

Why No Amount of Fiscal or Monetary Stimulus Will Be Enough

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Robert Reich: The Fed’s decision Tuesday to keep short-term interest rates near zero is no surprise. What’s odd is its apparent decision not to boost the economy by buying hundreds of billions of bonds — despite its acknowledgment that ”the pace of recovery in output and employment has slowed in recent months,” and that prices are rising too slowly for comfort (i.e., we might be facing deflation).