Category Archives: Uncategorized

BLAME FOR THE FINANCIAL CRISIS

[RAW] FALSE NARRATIVE:  Credit rating agencies allowed competitive pressures to affect their ratings, creating and adopting inaccurate rating models. Below are some examples of this false narrative. The New York Times reports about S.& P. and Moody’s use of inaccurate … Continue reading

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WHY DEFICITS STOPPED MATTERING: MAGIC OR CONSPIRACY?

What is the “cost” of federal deficits? The question is important because, since 1980s, the US government and the media have been claiming that "deficits don’t matter." There are no negative consequences to massive federal overspending (such as the 2010 … Continue reading

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WHEN THE WORLD MADE SENSE

  WHEN THE WORLD MADE SENSE Prior to 1980, the world was simple and it made sense.  When the government ran deficits, the Federal Reserve then would print money to pay for them.  This money printing would cause inflation, and … Continue reading

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