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      In 1817 David Ricardo formalized the Law of Comparative Advantage. Since then it has stood the test of time as one of the very few laws that an Economist can point to and say, “this is indisputably true.” It’s because of this law that you can only rarely find an Economist who doesn’t believe in [...]
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Primaries Matter

Discuss.

Update on the debt ceiling debacle:  The cloture vote failed in the Senate.  Harry Reid has let everyone go until later this afternoon.

So, to recap, the “compromise bill” was about as ugly as it could be, Republicans got just about everything they wanted including all cuts and no revenue increases and a SuperCongress committee (to which no one we know belongs) to make future cuts to things like entitlements and mortgage interest deductions, and it *still* wasn’t good enough.

This is a coup, plain and simple.

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