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When Economics Failed

When Economics Failed

When people come up to me and declare that economists are charlatans, they usually mention how economists failed to predict the Great Recession. This is true. No mainstream macroeconomic model of the day managed to anticipate that the largest, longest economic...
Hopes of Syria breakthrough gives markets a lift

Hopes of Syria breakthrough gives markets a lift

London, Associated Press—Rising hopes that a US-led military strike on Syria may be avoided gave stocks a big lift Tuesday, as well as pushing oil prices lower for the second day running. Investors were cheered to hear that Syria has accepted Russia’s call for...