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Thursday, April 4, 2013

General Economics

News                                                                                                                             
Politico | Report: Federal workers losing faith
After almost a decade of increasing confidence, federal employees had less faith in their leaders in 2012 than they did the year before, according to a new report.
National Journal | Is Chained CPI the Wrong Solution to the Right Problem?
When President Obama releases his budget next week, it may include what some tout as an elegant solution to the nation's fiscal problems, a way of measuring price changes known as “chained CPI.”
Washington Post | A half-decade later: Areas of US economy that have, and haven’t, recovered from recession
From household wealth to spending at stores, many of the U.S. economy’s vital signs have recovered from the damage done by the Great Recession.

Econ Comments & Analysis                                                                                            
Forbes | We Can't Save Capitalism Unless We Denounce Its False Prophets
A debate is raging among free market advocates regarding the proper posture to take with respect to Too Big to Fail (TBTF) banks. This has become an increasingly important issue as the financial sector has grown to take up an unprecedented share of our economy.
Washington Times | The triumph of mediocrity
Bureaucrats aren’t very good at running anything but endless spools of red tape. Federal red ink has just topped $16.8 trillion, showing that neither Congress nor the White House is capable of managing the public purse.
CATO | Countries That Cut Debt, Taxes and Spending Are Thriving
Several European countries, including Cyprus, have been mired in economic stagnation or decline for five years or more. Yet other countries in Asia and Latin America have flourished. What are the weakest economies doing wrong? What are the strongest doing right?