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Tag: inflation

The Californicrisis and Bank Nationalization

When an economy undergoes a contraction, governments collect less revenue simply because less is happening and less is being bought. Consumer cutbacks are a good and healthy occurrence – individuals reduce consumption in favor of saving, and the economy can resume a sustainable growth pattern. The loss of revenue, however, is obviously despised by government bureaucracy.

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5 Predictions for 2009

“Prediction is very difficult, especially about the future.” ~Niels Bohr I know as well as anyone that the future is uncertain and that much has

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