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Steven Klurfeld
Lives in Winterfell
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Steven Klurfeld

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Nice analysis.

Steven Klurfeld

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Aslan NEVER actually confronts the data Harris presents. He purely claims he is more suited to understand Islam, because….he is an expert….Curious reasoning

Steven Klurfeld

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the beeps are what makes him angry enough to finish this quickly

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+John Cassidy on why history will pardon #Manning, even if Obama doesn't
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Steven Klurfeld

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Great video. How did you learn how to do all these effects, especially dealing with soft focus??

Steven Klurfeld

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Play cross court behind net man... Both opponents moving away from that part of the court

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Because this is the Market for Private funds, many other sources I've reviewed are depicting crowding out as a leftward shift of the supply curve, because there is a reduction in the supply to the private market. The result is still a higher interest rate. 
Thoughts?

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Barack Obama refuses to negotiate with Republicans, and GOP Rep. Marlin Stutzman admits that he doesn't know what the GOP wants.
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Early on in American history, before radio and television, charisma wasn't particularly useful, one scholar says, since most decisions were made behind closed doors. Not so today. But how much difference do personality characteristics and charisma make?
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The graph below summarizes what has gone on with our economy since the Financial Crisis in 2008: Nominal interest rates are at 0%. This along with high unemployment are the defining features of the current Great Recession.

0% nominal interest rates (real interest rates are negative when you take into account inflation) are important for a couple of reasons. First, they indicate we are in a liquidity trap (http://goo.gl/GHDqX): aggregate demand is down and people are hoarding cash to pay off debts instead of spending it. Second, because we are against the zero lower bound (ZLB http://goo.gl/fG797W), the government can't stimulate the economy by lowering interest rates further. You can't have negative interest rates (i.e. the bank pays you interest for borrowing money). Third, inflation is simply not an issue at all. Because we are in a liquidity trap, any injections into the monetary supply get hoarded. Any rise in inflation would cause a rise in interest rates. This simply has not happened at all.

What is incredible is that libertarians like R[a/o]n[d] Paul and Tea Party Intellectuals like Paul Ryan simply refuse to acknowledge or understand this graph. How can you talk about "debasing the currency" or uncontrolled inflation when interest rates are stuck at 0%? Pure and simple ignorance coupled to pandering to billionaires who want their tax rates lowered. 

If they gave a Nobel Prize for Economics Writing, then Professor Krugman would deserve a second Nobel Prize. He was one of the first (if not the first) to correctly diagnose the situation (liquidity trap and ZLB) and offer the correct remedy (stimulus http://goo.gl/5UQpk5).
The stone rolls down again and again.
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