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	<title>Real-World Economics Review Blog</title>
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		<title>Real-World Economics Review Blog</title>
		<link>http://rwer.wordpress.com</link>
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		<item>
		<title>Meanwhile in Europe&#8230; Unemployment, december 2011 (graphs)</title>
		<link>http://rwer.wordpress.com/2012/01/31/meanwhile-in-europe-unemployment-december-2011/</link>
		<comments>http://rwer.wordpress.com/2012/01/31/meanwhile-in-europe-unemployment-december-2011/#comments</comments>
		<pubDate>Tue, 31 Jan 2012 19:24:32 +0000</pubDate>
		<dc:creator>merijnknibbe</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://rwer.wordpress.com/?p=7445</guid>
		<description><![CDATA[from Merijn Knibbe Total unemployment in Europe hit a new record in december. Differences still increase as unemployment in Germany (and Slovakia and Romania) is still declining while in all other countries unemployment is either stable (often at a high level) or increases (no data on the Baltic countries, though, for the last quarter of [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=rwer.wordpress.com&amp;blog=10060093&amp;post=7445&amp;subd=rwer&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">merijnknibbe</media:title>
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		<media:content url="http://rwer.files.wordpress.com/2012/01/unemployment-december.png" medium="image">
			<media:title type="html">Unemployment, december</media:title>
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		<media:content url="http://rwer.files.wordpress.com/2012/01/unemployment-long.png" medium="image">
			<media:title type="html">Unemployment long</media:title>
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		<item>
		<title>War is a racket</title>
		<link>http://rwer.wordpress.com/2012/01/30/war-is-a-racket/</link>
		<comments>http://rwer.wordpress.com/2012/01/30/war-is-a-racket/#comments</comments>
		<pubDate>Mon, 30 Jan 2012 20:37:54 +0000</pubDate>
		<dc:creator>merijnknibbe</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://rwer.wordpress.com/?p=7441</guid>
		<description><![CDATA[from David Ruccio Here’s the link to the text of the booklet published with the same title (and a link to images of the original publication). WAR is a racket. It always has been. It is possibly the oldest, easily the most profitable, surely the most vicious. It is the only one international in scope. [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=rwer.wordpress.com&amp;blog=10060093&amp;post=7441&amp;subd=rwer&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>1</slash:comments>
	
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			<media:title type="html">merijnknibbe</media:title>
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		<title>Sending money home &#8211; remittances from &#8216;foreign&#8217; labour in the EU</title>
		<link>http://rwer.wordpress.com/2012/01/30/sending-money-home-remittances-from-foreign-labour-in-the-eu/</link>
		<comments>http://rwer.wordpress.com/2012/01/30/sending-money-home-remittances-from-foreign-labour-in-the-eu/#comments</comments>
		<pubDate>Mon, 30 Jan 2012 19:11:50 +0000</pubDate>
		<dc:creator>merijnknibbe</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://rwer.wordpress.com/?p=7433</guid>
		<description><![CDATA[from Merijn Knibbe The European Union is changing into one labour market (again&#8230;). International mobility is higher than you might think: Germany has more than 7 million foreign citizens, Spain almost 6 million, many of them from South America. Aside from these citizens there are millions of seasonal and temporary workers &#8211; and these people [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=rwer.wordpress.com&amp;blog=10060093&amp;post=7433&amp;subd=rwer&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>1</slash:comments>
	
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			<media:title type="html">merijnknibbe</media:title>
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		<title>Ulrich Bindseil, former head of the ECB liquidity management department, debunks ECB monetary policy</title>
		<link>http://rwer.wordpress.com/2012/01/29/ulrich-bindseil-head-of-the-ecb-liquidity-management-department-debunks-ecb-monetary-policy/</link>
		<comments>http://rwer.wordpress.com/2012/01/29/ulrich-bindseil-head-of-the-ecb-liquidity-management-department-debunks-ecb-monetary-policy/#comments</comments>
		<pubDate>Sun, 29 Jan 2012 09:58:37 +0000</pubDate>
		<dc:creator>merijnknibbe</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://rwer.wordpress.com/?p=7422</guid>
		<description><![CDATA[from Merijn Knibbe Wow. The most scathing criticism of the European Central Bank (ECB) money growth target and monetary policy I&#8217;ve read thus far is written by Ulrich Bindseil, ECB Deputy Director General of Market Operations and former head of liquidity management, and is published by&#8230; the ECB, in 2004. (Hat tip: Jesse Frederik)! The [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=rwer.wordpress.com&amp;blog=10060093&amp;post=7422&amp;subd=rwer&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>6</slash:comments>
	
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			<media:title type="html">merijnknibbe</media:title>
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		<title>&#8220;Gross operating surplus&#8221; in the Eurozone: do high profits make an economy more resilient? (graph)</title>
		<link>http://rwer.wordpress.com/2012/01/28/gross-operating-surplus-in-the-eurozone-do-high-profits-make-an-economy-more-resilient-graph/</link>
		<comments>http://rwer.wordpress.com/2012/01/28/gross-operating-surplus-in-the-eurozone-do-high-profits-make-an-economy-more-resilient-graph/#comments</comments>
		<pubDate>Sat, 28 Jan 2012 16:56:35 +0000</pubDate>
		<dc:creator>merijnknibbe</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://rwer.wordpress.com/?p=7400</guid>
		<description><![CDATA[Update: coincidentally, Eurostat published its &#8220;gross operating surplus&#8221; time series today (Jan 30). They call it the &#8216;rate of profit&#8217;, but it includes rent and mixed income as well as is shown by the tables. &#160; Gross operating surplus is equal to profits, interest and rents before tax plus income of the self employed. Ireland [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=rwer.wordpress.com&amp;blog=10060093&amp;post=7400&amp;subd=rwer&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://rwer.wordpress.com/2012/01/28/gross-operating-surplus-in-the-eurozone-do-high-profits-make-an-economy-more-resilient-graph/feed/</wfw:commentRss>
		<slash:comments>17</slash:comments>
	
		<media:content url="" medium="image">
			<media:title type="html">merijnknibbe</media:title>
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			<media:title type="html">Winst</media:title>
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		<item>
		<title>The &#8216;State of the World 2011&#8242; report of the World Watch Institute: innovations that nourish the planet</title>
		<link>http://rwer.wordpress.com/2012/01/27/the-state-of-the-world-2011-report-of-the-world-watch-institute-innovations-that-nourish-the-planet/</link>
		<comments>http://rwer.wordpress.com/2012/01/27/the-state-of-the-world-2011-report-of-the-world-watch-institute-innovations-that-nourish-the-planet/#comments</comments>
		<pubDate>Fri, 27 Jan 2012 11:45:56 +0000</pubDate>
		<dc:creator>merijnknibbe</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://rwer.wordpress.com/?p=7405</guid>
		<description><![CDATA[from Merijn Knibbe Two weeks ago the World Watch Institute published its &#8216;State of the World&#8217; report (links can be found here). It&#8217;s about agriculture and food on a planet which sees its number of human inhabitants increase. A very important figure is 1.1 in: (click here, p. 6): bucking a 140 year old long [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=rwer.wordpress.com&amp;blog=10060093&amp;post=7405&amp;subd=rwer&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://rwer.wordpress.com/2012/01/27/the-state-of-the-world-2011-report-of-the-world-watch-institute-innovations-that-nourish-the-planet/feed/</wfw:commentRss>
		<slash:comments>13</slash:comments>
	
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			<media:title type="html">merijnknibbe</media:title>
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		<title>Policy as [Bad] Drama</title>
		<link>http://rwer.wordpress.com/2012/01/27/policy-as-bad-drama/</link>
		<comments>http://rwer.wordpress.com/2012/01/27/policy-as-bad-drama/#comments</comments>
		<pubDate>Fri, 27 Jan 2012 07:27:43 +0000</pubDate>
		<dc:creator>merijnknibbe</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://rwer.wordpress.com/?p=7396</guid>
		<description><![CDATA[By Peter Radford Is is just me or are we firmly stuck in one of those endless dramas designed to drive us all batty? David Cameron just gave a speech in which he called for ‘urgent action’ to resolve the Euro Zone crisis. This must be the millionth time a serious person has called for [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=rwer.wordpress.com&amp;blog=10060093&amp;post=7396&amp;subd=rwer&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://rwer.wordpress.com/2012/01/27/policy-as-bad-drama/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
	
		<media:content url="" medium="image">
			<media:title type="html">merijnknibbe</media:title>
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		<title>Central Bankers: &#8216;We&#8217;re all Post-Keynesians now&#8217;</title>
		<link>http://rwer.wordpress.com/2012/01/26/central-bankers-were-all-post-keynesians-now/</link>
		<comments>http://rwer.wordpress.com/2012/01/26/central-bankers-were-all-post-keynesians-now/#comments</comments>
		<pubDate>Thu, 26 Jan 2012 13:11:08 +0000</pubDate>
		<dc:creator>merijnknibbe</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://rwer.wordpress.com/?p=7389</guid>
		<description><![CDATA[from Jesse Frederik (guest post) Does the &#8216;money multiplier&#8217;, this core concept of monetary theory, exist? Do banks need reserves before they create money? Not according to central bankers. Banks can create money at will, even without reserves, though they will have to find or borrow these reserves afterwards. But as the central bank has to [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=rwer.wordpress.com&amp;blog=10060093&amp;post=7389&amp;subd=rwer&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://rwer.wordpress.com/2012/01/26/central-bankers-were-all-post-keynesians-now/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
	
		<media:content url="" medium="image">
			<media:title type="html">merijnknibbe</media:title>
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		<title>Core inflation in the Eurozone</title>
		<link>http://rwer.wordpress.com/2012/01/26/core-inflation-in-the-eurozone/</link>
		<comments>http://rwer.wordpress.com/2012/01/26/core-inflation-in-the-eurozone/#comments</comments>
		<pubDate>Thu, 26 Jan 2012 11:38:46 +0000</pubDate>
		<dc:creator>merijnknibbe</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://rwer.wordpress.com/?p=7376</guid>
		<description><![CDATA[from Merijn Knibbe One week before the crucial monthly monetary policy meeting of the board of the ECB and two weeks before the &#8216;real&#8217; data is published, Eurostat publishes a &#8216;flash&#8217; estimate of inflation in the Eurozone. This estimate tries to predict headline inflation and plays a key role in the decisions of the board [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=rwer.wordpress.com&amp;blog=10060093&amp;post=7376&amp;subd=rwer&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">merijnknibbe</media:title>
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		<media:content url="http://rwer.files.wordpress.com/2012/01/inflation.png" medium="image">
			<media:title type="html">Inflation</media:title>
		</media:content>
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		<title>The global jobs crisis</title>
		<link>http://rwer.wordpress.com/2012/01/25/the-global-jobs-crisis/</link>
		<comments>http://rwer.wordpress.com/2012/01/25/the-global-jobs-crisis/#comments</comments>
		<pubDate>Wed, 25 Jan 2012 09:15:28 +0000</pubDate>
		<dc:creator>merijnknibbe</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://rwer.wordpress.com/?p=7366</guid>
		<description><![CDATA[from Merijn Knibbe (editor a.i. as Edward Fullbrook is in India) The International Labor Organization has published its Global employment trends 2012: preventing a deeper jobs crisis. It&#8217;s grim. An excerpt from the executive summary: The world faces a challenge of creating 600 million jobs over the next decade. &#8230; After three years of continuous [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=rwer.wordpress.com&amp;blog=10060093&amp;post=7366&amp;subd=rwer&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>5</slash:comments>
	
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			<media:title type="html">merijnknibbe</media:title>
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