5.16.2008

The return of Jimmy Carter

US early May Reuters/Michigan consumer sentiment falls to 59.5 vs 62.5 expected





That's the worst since the tail end of the Carter era. Now all we need are Reagan and Volcker to get us out of it.

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Inflation is always and everywhere a progressive phenomenon

Excerpt from a text conversation with a young "democratic socialist": DS: Every time the US has become progressive, the right wi...