November 18, 2008

Can Politicians “Fix Up the Country”?

Lynne Kiesling In yesterday’s meeting in Chicago between President-elect Obama and Senator McCain, Mr. Obama said that they were going to discuss how to “work together to fix up the country”. This language really rankles me. It also rankles Russ Roberts, whose comments on this remark reflect my dislike of the “fix the country” metaphor: …

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Global Deflation?

Lynne Kiesling Not being a macroeconomist I have little insight to contribute, but I do find October’s 2.8% decline in the producer price index quite remarkable. Not only is this the largest decline on record, it is also larger than had been forecast for October. And, as the Bloomberg article linked above notes, the UK …

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