Bond Age

Posted by Michael Dolan on June 22, 2012 in Uncategorized |

          World macro-economics, apparently, is now easy to understand.  You either favor “growth” or “austerity.”  As with almost all official economic concepts, these terms do not refer to actual activities.  So let us be clear.           “Austerity,” finding its roots in monastic and religious behavior, means cutting government spending and reducing debt.  Austerity leads to less […]

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