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	<title>Real-World Economics Review Blog</title>
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	<description>Posts are by authors of papers published in the RWER. Anyone may comment.</description>
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		<title>Real-World Economics Review Blog</title>
		<link>http://rwer.wordpress.com</link>
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		<item>
		<title>Did high unemployment enable the Nazi&#8217;s to increase their share of the votes? Yes. Unequivocally: yes.</title>
		<link>http://rwer.wordpress.com/2013/06/18/did-high-unemployment-enable-the-nazis-to-increase-their-share-of-the-votes-yes-unequivocally-yes/</link>
		<comments>http://rwer.wordpress.com/2013/06/18/did-high-unemployment-enable-the-nazis-to-increase-their-share-of-the-votes-yes-unequivocally-yes/#comments</comments>
		<pubDate>Tue, 18 Jun 2013 10:13:59 +0000</pubDate>
		<dc:creator>merijnknibbe</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://rwer.wordpress.com/?p=12931</guid>
		<description><![CDATA[The Nazi&#8217;s pose two disturbing and, alas, highly relevant problems to (Eurozone) economists. The first is if high Great Depression unemployment enabled them to rise to power. The second is how they, starting from a macro-economic situation which closely resembles the Spanish situation of today, could engineer such a spectacular economic recovery. They did deliver. [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=rwer.wordpress.com&#038;blog=10060093&#038;post=12931&#038;subd=rwer&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>2</slash:comments>
	
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		<title>The Real Dow</title>
		<link>http://rwer.wordpress.com/2013/06/13/the-real-dow/</link>
		<comments>http://rwer.wordpress.com/2013/06/13/the-real-dow/#comments</comments>
		<pubDate>Thu, 13 Jun 2013 22:02:03 +0000</pubDate>
		<dc:creator>Edward Fullbrook</dc:creator>
				<category><![CDATA[The Economy]]></category>

		<guid isPermaLink="false">http://rwer.wordpress.com/?p=12899</guid>
		<description><![CDATA[from Edward Fullbrook You will find more real stuff here: http://www.showrealhist.com/RD_RJShomes_PSav.html Filed under: The Economy<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=rwer.wordpress.com&#038;blog=10060093&#038;post=12899&#038;subd=rwer&#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">Plot of Real DJIA, 1924-present, et al., ca. 36 KB</media:title>
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		<title>Meme-evaporating of the day: the Nazis could rise to power because of high unemployment, not because of high inflation</title>
		<link>http://rwer.wordpress.com/2013/06/12/meme-evaporating-of-the-day-the-nazis-could-rise-to-power-because-of-high-unemployment-not-because-of-high-inflation/</link>
		<comments>http://rwer.wordpress.com/2013/06/12/meme-evaporating-of-the-day-the-nazis-could-rise-to-power-because-of-high-unemployment-not-because-of-high-inflation/#comments</comments>
		<pubDate>Wed, 12 Jun 2013 20:44:53 +0000</pubDate>
		<dc:creator>merijnknibbe</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://rwer.wordpress.com/?p=12926</guid>
		<description><![CDATA[There we go again. Two journalists of Reuters, Annika Breidthardt and Ilona Wissenbach, state (emphasis added) that: &#8220;Weidmann (president of the Bundesbank, M.K.) fears that the bond-buying programme removes part of the incentive for euro zone states to reform their economies and could undermine the credibility of the ECB. He has denounced it as tantamount [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=rwer.wordpress.com&#038;blog=10060093&#038;post=12926&#038;subd=rwer&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>9</slash:comments>
	
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			<media:title type="html">merijnknibbe</media:title>
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		<title>Robert Fogel died</title>
		<link>http://rwer.wordpress.com/2013/06/12/robert-fogel-died/</link>
		<comments>http://rwer.wordpress.com/2013/06/12/robert-fogel-died/#comments</comments>
		<pubDate>Wed, 12 Jun 2013 18:32:15 +0000</pubDate>
		<dc:creator>merijnknibbe</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://rwer.wordpress.com/?p=12923</guid>
		<description><![CDATA[Robert Fogel is dead. He became famous because of Stanley Engerman&#8217;s and his highly neo-classical influenced work on the economics of slavery. Later in live he however became one of a whole bunch of quantitative neo-classical economic historians who increasingly discovered that looking at the entire society as a system of markets and explaining everything [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=rwer.wordpress.com&#038;blog=10060093&#038;post=12923&#038;subd=rwer&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>3</slash:comments>
	
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			<media:title type="html">merijnknibbe</media:title>
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		<title>The Neoclassical conspiracy against Post Keynesian Economics (1)</title>
		<link>http://rwer.wordpress.com/2013/06/11/the-neoclassical-conspiracy-against-post-keynesian-economics-1/</link>
		<comments>http://rwer.wordpress.com/2013/06/11/the-neoclassical-conspiracy-against-post-keynesian-economics-1/#comments</comments>
		<pubDate>Tue, 11 Jun 2013 13:48:13 +0000</pubDate>
		<dc:creator>Steve Keen</dc:creator>
				<category><![CDATA[The Economics Profession]]></category>
		<category><![CDATA[current-events]]></category>
		<category><![CDATA[Paul Krugman]]></category>

		<guid isPermaLink="false">http://rwer.wordpress.com/?p=12904</guid>
		<description><![CDATA[from Steve Keen Paul Krugman recently posted on predictions of the crisis before it happened, in a piece entitled “Non-prophet Economics”. It had a set of propositions about how one should evaluate such claims with which I completely and utterly agree. I’ll quote it in its entirety, because it’s an eminently suitable starting point for [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=rwer.wordpress.com&#038;blog=10060093&#038;post=12904&#038;subd=rwer&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://rwer.wordpress.com/2013/06/11/the-neoclassical-conspiracy-against-post-keynesian-economics-1/feed/</wfw:commentRss>
		<slash:comments>64</slash:comments>
	
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			<media:title type="html">debtdeflation</media:title>
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		<media:content url="http://rwer.files.wordpress.com/2013/06/wolferstweet.png?w=300" medium="image">
			<media:title type="html">WolfersTweet</media:title>
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			<media:title type="html">NoahSmithQuote2</media:title>
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			<media:title type="html">ReverePrizeQuote1</media:title>
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		<title>Will USA living standards ever again be as high as they were in the last century?</title>
		<link>http://rwer.wordpress.com/2013/06/10/will-usa-living-standards-ever-again-me-as-high-as-they-were-in-the-last-century/</link>
		<comments>http://rwer.wordpress.com/2013/06/10/will-usa-living-standards-ever-again-me-as-high-as-they-were-in-the-last-century/#comments</comments>
		<pubDate>Mon, 10 Jun 2013 17:06:31 +0000</pubDate>
		<dc:creator>Edward Fullbrook</dc:creator>
				<category><![CDATA[The Economy]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[living standards]]></category>
		<category><![CDATA[United States]]></category>

		<guid isPermaLink="false">http://rwer.wordpress.com/?p=12892</guid>
		<description><![CDATA[from Edward Fullbrook Median household income in the USA is now 8.4 per cent less than it was at the close of the 20th century. Source: Sentier Research analysis of Labor Department data. More info and graphs are available in a  report from Sentier Research. Filed under: The Economy<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=rwer.wordpress.com&#038;blog=10060093&#038;post=12892&#038;subd=rwer&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>4</slash:comments>
	
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			<media:title type="html">fullbrook</media:title>
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		<media:content url="http://graphics8.nytimes.com/images/2013/03/28/business/economy/economix-28income/economix-28income-blog480.jpg" medium="image">
			<media:title type="html">Source: Sentier Research analysis of Labor Department data. Note that vertical axis does not start at zero to better show the change.</media:title>
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		<title>The Eurozone is not ready for Latvia (graph)</title>
		<link>http://rwer.wordpress.com/2013/06/08/the-eurozone-is-not-ready-for-latvia-graph/</link>
		<comments>http://rwer.wordpress.com/2013/06/08/the-eurozone-is-not-ready-for-latvia-graph/#comments</comments>
		<pubDate>Sat, 08 Jun 2013 10:20:43 +0000</pubDate>
		<dc:creator>merijnknibbe</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://rwer.wordpress.com/?p=12888</guid>
		<description><![CDATA[The Latvian government seems bent on introducing the Euro. A bad idea: Estonia, which has introduced the Euro, suffered since from high inflation while, at this moment, GDP is going down (2012-I, -1,0% compared with the previous quarter). Latvia, too, is not exactly experiencing a &#8216;V&#8217; shaped recovery (industrial production is still not above the [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=rwer.wordpress.com&#038;blog=10060093&#038;post=12888&#038;subd=rwer&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://rwer.wordpress.com/2013/06/08/the-eurozone-is-not-ready-for-latvia-graph/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
	
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			<media:title type="html">merijnknibbe</media:title>
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			<media:title type="html">Latvia</media:title>
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		<title>Do central banks need the backing of the treasury?</title>
		<link>http://rwer.wordpress.com/2013/06/07/do-central-banks-need-the-backing-of-the-treasury/</link>
		<comments>http://rwer.wordpress.com/2013/06/07/do-central-banks-need-the-backing-of-the-treasury/#comments</comments>
		<pubDate>Fri, 07 Jun 2013 19:50:50 +0000</pubDate>
		<dc:creator>merijnknibbe</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://rwer.wordpress.com/?p=12882</guid>
		<description><![CDATA[Can anybody remember when the central bank of Zimbabwe went broke? Of course not, as it didn&#8217;t. Established in 1956, it&#8217;s still alive. For obvious reasons, central banks generally do not have the habit of going broke. They can literally print the money. I was therefore a little surprised to read a Krugman blog which [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=rwer.wordpress.com&#038;blog=10060093&#038;post=12882&#038;subd=rwer&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://rwer.wordpress.com/2013/06/07/do-central-banks-need-the-backing-of-the-treasury/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
	
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			<media:title type="html">merijnknibbe</media:title>
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			<media:title type="html">Mandates</media:title>
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		<title>Krugman – more Wicksell than Keynes</title>
		<link>http://rwer.wordpress.com/2013/06/07/krugman-more-wicksell-than-keynes/</link>
		<comments>http://rwer.wordpress.com/2013/06/07/krugman-more-wicksell-than-keynes/#comments</comments>
		<pubDate>Fri, 07 Jun 2013 15:26:17 +0000</pubDate>
		<dc:creator>Editor</dc:creator>
				<category><![CDATA[The Economics Profession]]></category>
		<category><![CDATA[Keynes]]></category>
		<category><![CDATA[Krugman]]></category>
		<category><![CDATA[swedish economist]]></category>
		<category><![CDATA[treatise on money]]></category>

		<guid isPermaLink="false">http://rwer.wordpress.com/?p=12878</guid>
		<description><![CDATA[from Lars Syll In a recent blogpost Paul Krugman comes back to his idea that it would be great if the Fed stimulated inflationary expectations so that investments would increase. I don’t have any problem with this idea per se, but I don’t think it’s of the stature that Krugman seems to think. But although I have [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=rwer.wordpress.com&#038;blog=10060093&#038;post=12878&#038;subd=rwer&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://rwer.wordpress.com/2013/06/07/krugman-more-wicksell-than-keynes/feed/</wfw:commentRss>
		<slash:comments>5</slash:comments>
	
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			<media:title type="html">Editor</media:title>
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			<media:title type="html">wicksell3</media:title>
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		<title>Meme-bashing of the day: Spanish exports are not increasing</title>
		<link>http://rwer.wordpress.com/2013/06/06/meme-bashing-of-the-day-spanish-exports-are-not-increasing/</link>
		<comments>http://rwer.wordpress.com/2013/06/06/meme-bashing-of-the-day-spanish-exports-are-not-increasing/#comments</comments>
		<pubDate>Thu, 06 Jun 2013 10:16:35 +0000</pubDate>
		<dc:creator>merijnknibbe</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://rwer.wordpress.com/?p=12875</guid>
		<description><![CDATA[There is a meme going around, shared for instance by somebody like Mario Draghi, that Spanish exports are doing really well: &#8220;the impressive improvement in export performance in Ireland, Spain and Portugal&#8220;. But according to the Spanish national accounts, they don&#8217;t. During the last quarter of 2012 and the first quarter of 2013, &#8221;Exportaciones de [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=rwer.wordpress.com&#038;blog=10060093&#038;post=12875&#038;subd=rwer&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://rwer.wordpress.com/2013/06/06/meme-bashing-of-the-day-spanish-exports-are-not-increasing/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
	
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			<media:title type="html">merijnknibbe</media:title>
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