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	<title>It&#039;s the Stupid Economy</title>
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	<link>http://thestupideconomy.wordpress.com</link>
	<description>Filtering the Stupid out of your Economy</description>
	<lastBuildDate>Mon, 17 Sep 2012 15:01:48 +0000</lastBuildDate>
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		<title>It&#039;s the Stupid Economy</title>
		<link>http://thestupideconomy.wordpress.com</link>
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		<item>
		<title>Repost: Quantitative Easing Pt. 5: QE3</title>
		<link>http://thestupideconomy.wordpress.com/2012/09/17/repost-quantitative-easing-pt-5-qe3/</link>
		<comments>http://thestupideconomy.wordpress.com/2012/09/17/repost-quantitative-easing-pt-5-qe3/#comments</comments>
		<pubDate>Mon, 17 Sep 2012 15:01:48 +0000</pubDate>
		<dc:creator>Sterling Wardwell</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Ben Bernanke]]></category>
		<category><![CDATA[economic recovery]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[mortgage-backed securities]]></category>
		<category><![CDATA[Operation Twist]]></category>
		<category><![CDATA[QE3]]></category>
		<category><![CDATA[Quantitative Easing]]></category>
		<category><![CDATA[Unemployment]]></category>

		<guid isPermaLink="false">http://thestupideconomy.wordpress.com/?p=712</guid>
		<description><![CDATA[Given the significance of last week&#8217;s announcement of QE3 from Fed Chairman Ben Bernanke, I decided to repost the blog&#8217;s discussion of QE3 from our series on quantitative easing last fall.  If you would like more information on historical uses of quantitative easing, or the past record of its implementation in the United States, I [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=thestupideconomy.wordpress.com&#038;blog=15601921&#038;post=712&#038;subd=thestupideconomy&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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			<media:title type="html">itsthestupideconomy</media:title>
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		<item>
		<title>Things to Watch Ahead of the Fed Annoucement</title>
		<link>http://thestupideconomy.wordpress.com/2012/09/13/things-to-watch-ahead-of-the-fed-annoucement/</link>
		<comments>http://thestupideconomy.wordpress.com/2012/09/13/things-to-watch-ahead-of-the-fed-annoucement/#comments</comments>
		<pubDate>Thu, 13 Sep 2012 15:01:53 +0000</pubDate>
		<dc:creator>Sterling Wardwell</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Ben Bernanke]]></category>
		<category><![CDATA[bonds]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[mortgage-backed securities]]></category>
		<category><![CDATA[Operation Twist]]></category>
		<category><![CDATA[QE3]]></category>
		<category><![CDATA[Wall Street Journal]]></category>

		<guid isPermaLink="false">http://thestupideconomy.wordpress.com/?p=709</guid>
		<description><![CDATA[The Wall Street Journal discusses four developments to watch at the two-day Fed meeting this week.  While the main story is of course whether or not Chairman Bernanke will announce a third round of quantitative easing, a move much of the market expects, the article points to three other points to watch.  Specifically, what the [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=thestupideconomy.wordpress.com&#038;blog=15601921&#038;post=709&#038;subd=thestupideconomy&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">itsthestupideconomy</media:title>
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		<item>
		<title>Death of the Arab Spring</title>
		<link>http://thestupideconomy.wordpress.com/2012/09/10/death-of-the-arab-spring/</link>
		<comments>http://thestupideconomy.wordpress.com/2012/09/10/death-of-the-arab-spring/#comments</comments>
		<pubDate>Mon, 10 Sep 2012 16:44:30 +0000</pubDate>
		<dc:creator>Sterling Wardwell</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Al-Qaida]]></category>
		<category><![CDATA[Arab Spring]]></category>
		<category><![CDATA[Bashar al-Assad]]></category>
		<category><![CDATA[death of the Arab Spring]]></category>
		<category><![CDATA[Iran]]></category>
		<category><![CDATA[Iraq]]></category>
		<category><![CDATA[Shiite]]></category>
		<category><![CDATA[Sunni]]></category>
		<category><![CDATA[Syria]]></category>

		<guid isPermaLink="false">http://thestupideconomy.wordpress.com/?p=706</guid>
		<description><![CDATA[Informative and intriguing read from ABC News Chief Foreign Correspondent Richard Engel on the current state of the &#8220;Arab Spring&#8221; and the Middle East as a whole.  The article does a great job of providing both the history of the geographic and demographic trends of the Middle East, as well as analyzing the events that [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=thestupideconomy.wordpress.com&#038;blog=15601921&#038;post=706&#038;subd=thestupideconomy&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">itsthestupideconomy</media:title>
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		<title>The Economist: Four More Years?</title>
		<link>http://thestupideconomy.wordpress.com/2012/09/03/the-economist-four-more-years/</link>
		<comments>http://thestupideconomy.wordpress.com/2012/09/03/the-economist-four-more-years/#comments</comments>
		<pubDate>Tue, 04 Sep 2012 01:27:15 +0000</pubDate>
		<dc:creator>Sterling Wardwell</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[DNC]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[fiscal policy]]></category>
		<category><![CDATA[keynote address]]></category>
		<category><![CDATA[President Obama]]></category>
		<category><![CDATA[The Economist]]></category>

		<guid isPermaLink="false">http://thestupideconomy.wordpress.com/?p=704</guid>
		<description><![CDATA[With the Democratic National Convention beginning this week in Charlotte, and with the President&#8217;s keynote speech on the docket for Thursday night, the most recent edition of the Economist considers what lies ahead should the President be re-elected.  The publication highlotes both the strengths of the first four years of the Obama administration, as well [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=thestupideconomy.wordpress.com&#038;blog=15601921&#038;post=704&#038;subd=thestupideconomy&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>1</slash:comments>
	
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			<media:title type="html">itsthestupideconomy</media:title>
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		<item>
		<title>The Feasibility of the Romney Tax Plan</title>
		<link>http://thestupideconomy.wordpress.com/2012/08/29/the-feasibility-of-the-romney-tax-plan/</link>
		<comments>http://thestupideconomy.wordpress.com/2012/08/29/the-feasibility-of-the-romney-tax-plan/#comments</comments>
		<pubDate>Wed, 29 Aug 2012 18:09:44 +0000</pubDate>
		<dc:creator>Sterling Wardwell</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[election 2013]]></category>
		<category><![CDATA[Ezra Klein]]></category>
		<category><![CDATA[federal deficit]]></category>
		<category><![CDATA[Martin Feldstein]]></category>
		<category><![CDATA[Mitt Romney]]></category>
		<category><![CDATA[RNC]]></category>
		<category><![CDATA[Romney tax plan]]></category>
		<category><![CDATA[tax code]]></category>
		<category><![CDATA[taxes]]></category>

		<guid isPermaLink="false">http://thestupideconomy.wordpress.com/?p=701</guid>
		<description><![CDATA[Recently, former Massachusetts Governor Mitt Romney&#8217;s proposed tax plan has been receiving a great deal of coverage and criticism, especially in the wake of the Tax Policy Center&#8217;s assertion that it was &#8220;mathematically impossible&#8221;.  Washington Post writer Ezra Klein covers the TPC&#8217;s analysis in this Bloomberg op-ed, asserting that to implementing the Romney tax plan [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=thestupideconomy.wordpress.com&#038;blog=15601921&#038;post=701&#038;subd=thestupideconomy&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">itsthestupideconomy</media:title>
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		<title>Research Addresses Spending Versus Tax Fiscal Reform</title>
		<link>http://thestupideconomy.wordpress.com/2012/08/25/research-addresses-spending-versus-tax-fiscal-reform/</link>
		<comments>http://thestupideconomy.wordpress.com/2012/08/25/research-addresses-spending-versus-tax-fiscal-reform/#comments</comments>
		<pubDate>Sat, 25 Aug 2012 20:13:02 +0000</pubDate>
		<dc:creator>Sterling Wardwell</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[fiscal cliff]]></category>
		<category><![CDATA[fiscal policy]]></category>
		<category><![CDATA[Greg Mankiw]]></category>
		<category><![CDATA[spending cuts]]></category>
		<category><![CDATA[tax reform]]></category>

		<guid isPermaLink="false">http://thestupideconomy.wordpress.com/?p=699</guid>
		<description><![CDATA[From Alberto Alesina, Carlo Favero, and Francesco Giavazzi, through Greg Mankiw&#8217;s blog, new research considers the effect of fiscal corrections on output losses, attempting to determine whether spending and tax based fiscal reforms have a significantly different effect on future output from one another.  The paper concludes that: &#8220;Allowing for cross country heterogeneity in the [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=thestupideconomy.wordpress.com&#038;blog=15601921&#038;post=699&#038;subd=thestupideconomy&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">itsthestupideconomy</media:title>
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		<title>Individual Mandate: A State or Federal Issue?</title>
		<link>http://thestupideconomy.wordpress.com/2012/06/27/individual-mandate-a-state-or-federal-issue-5/</link>
		<comments>http://thestupideconomy.wordpress.com/2012/06/27/individual-mandate-a-state-or-federal-issue-5/#comments</comments>
		<pubDate>Wed, 27 Jun 2012 12:30:11 +0000</pubDate>
		<dc:creator>Sterling Wardwell</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[ACA]]></category>
		<category><![CDATA[Affordable Care Act]]></category>
		<category><![CDATA[Edward Glaeser]]></category>
		<category><![CDATA[healthcare]]></category>
		<category><![CDATA[individual mandate]]></category>
		<category><![CDATA[Massachusetts]]></category>
		<category><![CDATA[Obamacare]]></category>
		<category><![CDATA[Supreme Court]]></category>

		<guid isPermaLink="false">http://thestupideconomy.wordpress.com/2012/06/27/individual-mandate-a-state-or-federal-issue-5/</guid>
		<description><![CDATA[In a Tuesday op-ed piece, Harvard economics professor Edward Glaeser considers the implications of the Affordable Care Act&#8217;s individual mandate in the context of state and federal mandates.  Rather than addressing the legal intricacies of the debate, Glaeser considers the economics of alternatives to the ACA which could reconcile pieces of the nation&#8217;s healthcare problems without [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=thestupideconomy.wordpress.com&#038;blog=15601921&#038;post=697&#038;subd=thestupideconomy&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">itsthestupideconomy</media:title>
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		<title>Criticism of &#8220;Operation Twist&#8221; Misrepresents the Fundamental Issues</title>
		<link>http://thestupideconomy.wordpress.com/2012/06/21/criticism-of-operation-twist-misrepresents-the-fundamental-issues/</link>
		<comments>http://thestupideconomy.wordpress.com/2012/06/21/criticism-of-operation-twist-misrepresents-the-fundamental-issues/#comments</comments>
		<pubDate>Thu, 21 Jun 2012 11:43:56 +0000</pubDate>
		<dc:creator>Sterling Wardwell</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Ben Bernanke]]></category>
		<category><![CDATA[congress]]></category>
		<category><![CDATA[deficit]]></category>
		<category><![CDATA[federal deficit]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[Jim DeMint]]></category>
		<category><![CDATA[Operation Twist]]></category>

		<guid isPermaLink="false">http://thestupideconomy.wordpress.com/?p=666</guid>
		<description><![CDATA[A quality editorial from Bloomberg on Wednesday addresses the fallacious arguments of the Federal Reserve’s Congressional critics.  Since the Fed’s announcement yesterday that they would continue their “Operation Twist” (explained here) program in attempt to put further downward pressure on borrowing costs and increase credit, critics of Chairman Ben Bernanke, such as Jim DeMint of [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=thestupideconomy.wordpress.com&#038;blog=15601921&#038;post=666&#038;subd=thestupideconomy&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">itsthestupideconomy</media:title>
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		<title>Soros on the Eurozone Crisis</title>
		<link>http://thestupideconomy.wordpress.com/2012/06/10/soros-on-the-eurozone-crisis/</link>
		<comments>http://thestupideconomy.wordpress.com/2012/06/10/soros-on-the-eurozone-crisis/#comments</comments>
		<pubDate>Sun, 10 Jun 2012 14:54:42 +0000</pubDate>
		<dc:creator>Sterling Wardwell</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[debt crisis]]></category>
		<category><![CDATA[EU]]></category>
		<category><![CDATA[Euro]]></category>
		<category><![CDATA[Eurozone]]></category>
		<category><![CDATA[George Soros]]></category>
		<category><![CDATA[Italy]]></category>
		<category><![CDATA[sovereign debt crisis]]></category>
		<category><![CDATA[Spain]]></category>
		<category><![CDATA[Trento]]></category>

		<guid isPermaLink="false">http://thestupideconomy.wordpress.com/?p=659</guid>
		<description><![CDATA[Investor George Soros recently gave a speech regarding economic markets theory and how they tie into the future of Europe at the Festival of Economics in Trento, Italy.  The speech addresses some of the principal holes which Soros finds in common market theory, including the idea of perfect information amongst market participants.  He equates the [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=thestupideconomy.wordpress.com&#038;blog=15601921&#038;post=659&#038;subd=thestupideconomy&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">itsthestupideconomy</media:title>
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		<title>Inflation Indicators Suggest QE3 Less Likely</title>
		<link>http://thestupideconomy.wordpress.com/2012/04/04/inflation-indicators-suggest-qe3-less-likely/</link>
		<comments>http://thestupideconomy.wordpress.com/2012/04/04/inflation-indicators-suggest-qe3-less-likely/#comments</comments>
		<pubDate>Wed, 04 Apr 2012 19:31:25 +0000</pubDate>
		<dc:creator>Sterling Wardwell</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[core inflation]]></category>
		<category><![CDATA[economic recovery]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[inflation]]></category>
		<category><![CDATA[QE1]]></category>
		<category><![CDATA[QE2]]></category>
		<category><![CDATA[QE3]]></category>
		<category><![CDATA[Quantitative Easing]]></category>

		<guid isPermaLink="false">http://thestupideconomy.wordpress.com/?p=654</guid>
		<description><![CDATA[A short article published in The Atlantic yesterday suggests that, based on past decision-making and Federal Reserve press releases, the likelihood that a third round of quantitative easing will occur is relatively low.  The graph below shows the relationship between the Fed&#8217;s balance sheet (blue) and core inflation (red). Core inflation dropped significantly in 2009, [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=thestupideconomy.wordpress.com&#038;blog=15601921&#038;post=654&#038;subd=thestupideconomy&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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			<media:title type="html">Core Inflation</media:title>
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