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Bread & Circuses & Antiprosperity
If I was a mathematical economist — and I have very, very good reason not to be — I would try to create a formal model for what I call antiprosperity. What is antiprosperity? It is a strange effect. I...
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Debt is Not Wealth
Here’s the status quo: These figures are staggering; the advanced nations typically have between three and ten times as much total debt as they have economic activity. In the United Kingdom — the worst...
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