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Letters to Stan Archive

Decade after decade, U.S. budget cuts have attempted to balance the budget in years far ahead. It’s become the American way. Congress always puts the austerity part of the program out where someone other than us can feel the pain for us or where some other congress can take the heat. We’re noble that way. […]

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Religion in politics

Posted April 14, 2011 By David Haggith

In an  earlier letter I wrote to Stan that financial crime rose to a zenith during the Bush government because George W. Bush hugely reduced the investigation and prosecution of financial crimes. I commented on the irony that Christians so strongly supported a president under whom crime flourished to the point that it caused the fall of […]

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Economic predictions for the second half of 2011

Posted April 14, 2011 By David Haggith

My landmark economic prediction about will happen in the second half of 2011, written in a letter on April 14, 2011. The first time I made this assertion.   An excerpt from the previous letter to Stan, which I thought should stand on its own: I believe the second half of this year will be […]

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Why has there been surprising silence about financial crime investigations during the largest transfer of wealth from the public sector to the private sector in the history of the world? The entire global economy has cracked into pieces, but how much have you read about investigations of financial crime?   The following about the lack […]

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First, an expanding government lives on what taxpayers give it. Then, it lives on what taxpayers give it, plus what it can borrow from them. Then, it spends everything that it can squeeze out of taxpayers, plus what it plans to squeeze out of generations of taxpayers who haven’t been born yet. Finally, when it […]

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Real U.S. Inflation in the Great Recession is About 10%

Posted April 13, 2011 By David Haggith

Real U.S inflation is much higher than reported because the government has changed its calculus. Real U.S. inflation in the Great Recession would match the days of the Carter Administration at about 11% if inflation were calculated the way it was back then. The change in U.S. government’s calculus means the Fed’s quantitative easing could […]

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Japan Nuclear Disaster 2011 Worse Than Experts Reported

Posted April 12, 2011 By David Haggith

The Fukushima Japan nuclear disaster in 2011 proved to be far worse than nuclear experts predicted. The costs of the earthquake and tsunami are also greatly exceeding expert predictions at the time, but all were in line with my own. On April 12th, 2011, I wrote the following to my friend Stan:   Costs of […]

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 The pile-up of debt we have created by pushing the economic crisis further down the road is far worse than “kicking the can down the road.” It is more like pushing a snow straight down the road, instead off to the side, so that it becomes a mountain (of debt in this case) that you […]

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Housing Market Collapse Hit Hard in 2011, propped by QE2

Posted March 23, 2011 By David Haggith

News of the housing market collapse hit hard at the beginning of spring on March 23rd, 2011 because reporters had spent the winter months with their heads in the tropics so missed the winter chill. All winter the media experts reported the good news that their vaunted industry experts fed to them like peeled grapes in […]

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News of Japan earthquake reveals Media faults

Posted March 14, 2011 By David Haggith

News of Japan earthquakes on March 11th, 2011, put the ignorance of the experts in the media on bold display. Reporters proved they have only a thin film of a brain lining inside of their talking heads, while economists are smoking weed. It’s pretty bad when a non-nuclear-expert like me can see the risks better […]

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Minimum Wage Backwash from Republican Ideology

Posted February 10, 2011 By David Haggith

Want to create anarchy? Get rid of minimum wage laws. Pretend it is to create more jobs for youth when you’re real reason is to create more profit for businessmen.   On February 10th, 2011, Stan sent me an article with the following excerpt about minimum wage laws: …Labor laws [minimum wage] bribe the generation […]

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Economic Denial

Posted February 9, 2011 By David Haggith

The majority of society lives in economic denial, sustained by sifting positive facts from the news that will support their desired outlook.   On February 9th, Stan sent me the following quote through which I saw a lot of economic denial: The stock market is rising because the stock market is rising. That’s all we […]

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Sustainable economics starts at home … in that it starts with homes. It stands to reason that, if the economy can only grow through housing expansion, we will someday have nowhere left to stand.   On February 9th, 2011, I wrote to my friend Stan about sustainable economics: The entire government is failing to learn. […]

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The Great Recession Blog is conceived

Posted February 3, 2011 By David Haggith

How The Great Recession Blog came into being. On February 3rd, 2011, I wrote about some ideas to Stan for his own website. As he didn’t take up that focus right away, the idea grew within me to develop my own website on this theme. Many months later I followed through with that and began The […]

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