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	<title>Economics for One</title>
	<link>http://www.economicsforone.com/blog</link>
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		<title>Growth of the Monetary Base</title>
		<description><![CDATA[Here&#8217;s a scary chart.
This is the growth of the Monetary Base, as reported by the Federal Reserve Bank of St. Louis. As you can see, the money supply has grown steadily over the years. But in the past 18 months it has more than doubled.
What are the implications of this?

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		<link>http://www.economicsforone.com/blog/2010/02/21/growth-of-the-monetary-base/</link>
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		<title>The Creature from Jekyll Island</title>
		<description><![CDATA[
G. Edward Griffin&#8217;s The Creature From Jekyll Island: A Second Look At The Federal Reserve will profoundly change the way you view the entire banking and monetary system in the US and abroad. It is a fascinating read.
The title refers to the creation of the US Federal Reserve Bank, which took place at a then-secret [...]]]></description>
		<link>http://www.economicsforone.com/blog/2009/12/02/the-creature-from-jekyll-island/</link>
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		<title>Recent Bank Failures</title>
		<description><![CDATA[Here is a list of the banks that have failed so far this year.
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		<link>http://www.economicsforone.com/blog/2009/08/22/recent-bank-failures/</link>
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		<title>Upstream, Downstream</title>
		<description><![CDATA[Energy companies can often make a great investment. So it&#8217;s worth taking a moment to understand how these companies operate.
The energy business (more specifically the oil industry) can be split into two main areas: Upstream and Downstream. The Upstream business acquires &#8220;crude&#8221; oil (the raw material removed from the ground), while the Downstream business takes [...]]]></description>
		<link>http://www.economicsforone.com/blog/2009/08/02/upstream-downstream/</link>
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		<title>That&#8217;s Some Clunker!</title>
		<description><![CDATA[The US House of Representatives has just approved another $2 Billion for the &#8220;Cash for Clunkers&#8221; program.
Under this program, people will receive $3,500 to $4,500 when they trade in a car and buy a new car that gets better gas mileage than their trade-in did. That covers approximately 500,000 new cars.
If you are thinking of [...]]]></description>
		<link>http://www.economicsforone.com/blog/2009/07/31/thats-some-clunker/</link>
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		<title>Economic Cycle Analysis from the New York Times</title>
		<description><![CDATA[Here&#8217;s an interesting graphic (&#8220;Turning a Corner?&#8221;) courtesy of the New York Times. It shows the pattern of economic cycles, over a period of decades.
www.nytimes.com/interactive/2009/07/02/business/economy/20090705-cycles-graphic.html
This graphs plots the relative amount of industrial output against the change in industrial output over a running 6-month period. As you move through the 9 images, you can see how various [...]]]></description>
		<link>http://www.economicsforone.com/blog/2009/07/22/economic-cycle-analysis-from-the-new-york-times/</link>
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		<title>The $1,090,000,000,000 Credit Card Bill</title>
		<description><![CDATA[This month the US Federal deficit passed $1.09 Trillion. That&#8217;s the amount of money the US has borrowed so far this year. It does not include debt from past years. The previous record was about $500 Billion.
It&#8217;s a pretty ignominious accomplishment. And since the year is not yet over, and the US continues to spend, [...]]]></description>
		<link>http://www.economicsforone.com/blog/2009/07/14/the-1090000000000-credit-card-bill/</link>
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		<title>Apple&#8217;s Board is Wrong</title>
		<description><![CDATA[First, some disclosures:  I&#8217;ve met Steve Jobs; we live near each other and have several friends and acquaintances in common.  Also, my wife worked at Apple for a while, and we have a number of friends who still work there.  Notwithstanding his reputation as a tough boss, the limited interactions I&#8217;ve had with Steve have [...]]]></description>
		<link>http://www.economicsforone.com/blog/2009/06/25/apples-board-is-wrong/</link>
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		<title>FDIC Insurance Premiums and Moral Hazard</title>
		<description><![CDATA[One of the challenges the insurance industry faces is &#8220;Moral Hazard.&#8221;
Moral hazard is a the observed phenomenon whereby, because something is insured, it becomes more likely to occur.  If a bad event (e.g. breakage or theft) will cost a certain amount, then if that event is insured, it will cost a bit less.  This makes [...]]]></description>
		<link>http://www.economicsforone.com/blog/2009/04/26/fdic-insurance-premiums-and-moral-hazard/</link>
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		<title>Are You Ready to Give Your Tax Returns to Amex?</title>
		<description><![CDATA[American Express has begun demanding that some of their customers send in copies of their personal tax returns or face a cancellation of their account.  These US tax returns are then sent to India for review.
Customers who refused to send copies of their personal tax returns to American Express have had their accounts closed with [...]]]></description>
		<link>http://www.economicsforone.com/blog/2009/04/25/are-you-ready-to-give-your-tax-returns-to-american-express/</link>
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