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Three Stages of Quantitative Easing

December 03, 2008

 Most economists are predicting a slow recovery beginning sometime during the second half of 2009. If the forecasts go awry, the global economic growth will be much worse than predicted. Over the next two years, the Obama administration plans


What Should President-elect Obama Do?

November 18, 2008

Managing People’s Expectations” and “Government Loan Guarantee Program” modeled after the Small Business Administration (SBA) loans is superior to direct lending by the Treasury or the


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