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The New-Keynesian Establishment Is Congratulating Itself On A Job Well Done

The New-Keynesian Establishment Is Congratulating Itself On A Job Well Done By Benjamin Picton, senior market strategist at Rabobank Give Yourself A Pat On The Back Growing up in Australia in the 1990s one would inevitably encounter curiously ‘Aussie’ cultural practises. One such practise was school children being directed by teachers to “give yourself a pat on the back” whenever you did particularly well at something. This wasn’t just a figure of speech; the children would literally reach over their shoulder and pat themselves on the back. I’m unsure if this still...
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Jun 7, 2026 / Jason Ditz
Israel Strikes Lebanese Capital of Beirut in Latest Escalation
20 Lebanese have been killed in the last 24 hours as Israel continues to follow its latest ceasefire deal with substantial escalation of military strikes on the country. Sunday’s strikes included multiple Israeli strikes on the suburbs of the Lebanese capital city of Beirut. Two apartment buildings were struck in the suburb of Dahiyeh. The […]
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Mar 11, 2026 / Marcos Giansante
Fiscal Responsibility, Formalization, and the Modern Fiscal State
In a genuinely liberal framework, limited government, fiscal restraint, and legal clarity are not episodic accomplishments. They are the enduring foundations of a social order.
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Sep 21, 2026 / Tyler Durden
FAA Ground-Stops Every Major New York Airport Over "Equipment Outage" At The Same Facility That Broke Newark Last Year
FAA Ground-Stops Every Major New York Airport Over "Equipment Outage" At The Same Facility That Broke Newark Last Year The FAA has issued ground-stop orders to arrivals into every major New York-area airport: JFK, LaGuardia, and Newark. Teterboro, Westchester, and Philadelphia are in the same pile. Official reason: equipment outage. What happened The first restrictions hit Newark, Teterboro, and Philadelphia after problems with radio frequencies at Philadelphia TRACON, the terminal radar facility that handles arrivals and departures in that airspace. The FAA later added JFK, LaGuardia, and Westchester. The agency has not publicly...
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