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I'm sorry but this author has done nothing more than mine the rash ideas of people who are not experts in understanding the economy. Rush as a source of economic info? Really? And calling John Williams an economist doesn't make him one. The ideas he posts on his blog (shadowstats) are routinely debunked. And finally a Reuters journalist round out her economic dream team. If TH wants to pay you (I presume you get paid?) for scary sounding but toothless analysis/commentary it's their dime. Nevertheless, your readers deserve better - no?
This sad article is clearly pandering to TH d-bags. Katie P, this is lazy for even you.
In response to:

Of Mitts and Muslims

J352 Wrote: Sep 17, 2012 4:26 PM
Lewis Latimer - look him up. He invented (and patented) the carbon filaments that made Edison's bulbs viable. A number of people collectively contributed to the development of the light bulb so this not really as simple as "who invented the light bulb".
In response to:

Keynesian Economics is Past Prime

J352 Wrote: Sep 13, 2012 2:58 PM
Really? It might be time for you to go back to school. For fun read the last chapter of WoN to get AS's broad perspective on some of these issues. I suspect you will be un-happily surprised.
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Omnibus Farm Bill Should Be Scrapped

J352 Wrote: Sep 11, 2012 11:31 AM
I live in Iowa and teach at Iowa State U. While many farmers handle a tremendous amount of money and the asset value of their farmland and equipment is significant, this doesn't translate easily to farmers enjoying high annual incomes. Profit margins per acre are minimal even when commodity prices are high (direct payments have also been minimal - e.g., about $25/ac for corn). Also, about 60% of Iowa farmland is rented; margins are even thinner and quite often negative on rented land (e.g., 2009 when nitrogen costs were high very few Iowa farmers made money on rented land). Landowners are wealthy and will likely have significant payouts if/when they sell; farmers are generally a mixed bag of mostly middle class people.
In response to:

Hollywood Hates Nuns

J352 Wrote: Sep 07, 2012 2:31 PM
Uhh. "huh?" and then "yikes" is all I got to say about your comments here Magna.
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Hollywood Hates Nuns

J352 Wrote: Sep 07, 2012 9:59 AM
Yes Hollywood hates nuns (e.g., the award winning movie Doubt, http://en.wikipedia.org/wiki/Doubt_%282008_film%29; the financially successful Sister Act series; Dead Man Walking; Entertaining Angels--The Dorothy Day Story...).
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Gas Prices and Political Mythology

J352 Wrote: Sep 06, 2012 12:13 PM
The US does export oil.
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Gas Prices and Political Mythology

J352 Wrote: Sep 06, 2012 12:10 PM
Prove that current oil policy is contrary. Data and analysis helps.
In response to:

Gas Prices and Political Mythology

J352 Wrote: Sep 06, 2012 12:09 PM
"The bigger reason the price plummeted in 2008 was Bush announced they would open up production, and the market believed him" - Wow, you think US domestic "confidence" effected globally determined oil and then refined petroleum prices? Show us some analysis regarding this effect; FYI you won't find any because it isn't remotely true (sorry).
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