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	<title>Monty Pelerin&#039;s World &#187; consumer</title>
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	<link>http://www.economicnoise.com</link>
	<description>Economics, Finance and Politics Through The Prism of Classical Liberalism</description>
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		<title>John Rubino&#8217;s Optimism</title>
		<link>http://www.economicnoise.com/2011/06/08/john-rubinos-optimism/</link>
		<comments>http://www.economicnoise.com/2011/06/08/john-rubinos-optimism/#comments</comments>
		<pubDate>Wed, 08 Jun 2011 11:28:58 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[consumer]]></category>
		<category><![CDATA[Debt]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Credit Bubble]]></category>
		<category><![CDATA[John Rubino]]></category>
		<category><![CDATA[Keynesians]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=20960</guid>
		<description><![CDATA[John Rubino has an excellent post dealing with three major problems that are still unresolved in our economy. These problems, in my opinion, ensure that our economic condition will drag on for years, or collapse into another Great Depression. My guess is that the latter is the more likely outcome. His second problem, dealing with <a href='http://www.economicnoise.com/2011/06/08/john-rubinos-optimism/'>[...]</a>]]></description>
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		<slash:comments>1</slash:comments>
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		<title>The Nonsense of Consumption</title>
		<link>http://www.economicnoise.com/2010/12/17/the-nonsense-of-consumption/</link>
		<comments>http://www.economicnoise.com/2010/12/17/the-nonsense-of-consumption/#comments</comments>
		<pubDate>Fri, 17 Dec 2010 11:34:56 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[consumer]]></category>
		<category><![CDATA[Keynesian]]></category>
		<category><![CDATA[Consumption]]></category>
		<category><![CDATA[Economic Fallacies]]></category>
		<category><![CDATA[Steven Horwitz]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=16604</guid>
		<description><![CDATA[One of the most important lessons for a true economist to learn is that consumption is not the lead dog of economic outcomes. Indeed, Steven Horwitz argues it is not even pulling the sled: One of the most pernicious and widespread economic fallacies is the belief that consumption is the key to a healthy economy.  <a href='http://www.economicnoise.com/2010/12/17/the-nonsense-of-consumption/'>[...]</a>]]></description>
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		<slash:comments>1</slash:comments>
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		<item>
		<title>Your Eyes or Government Data?</title>
		<link>http://www.economicnoise.com/2010/09/13/your-eyes-or-government-data/</link>
		<comments>http://www.economicnoise.com/2010/09/13/your-eyes-or-government-data/#comments</comments>
		<pubDate>Mon, 13 Sep 2010 10:46:00 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[consumer]]></category>
		<category><![CDATA[denninger]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[Discretionary Expense]]></category>
		<category><![CDATA[Gallup poll]]></category>
		<category><![CDATA[Groucho Marxs]]></category>
		<category><![CDATA[Karl Denninger]]></category>
		<category><![CDATA[Mainstream Media News]]></category>
		<category><![CDATA[Time To Buy A Car]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=13819</guid>
		<description><![CDATA[No need for &#8220;Green Shooters&#8221; or &#8220;Kool-Aid drinkers&#8221; to read the following. Be comfortable in your rosy world without letting facts intrude. The rest of you, however, better be prepared for what is coming. It is not going to be pretty! In a piece, reminiscent of Groucho Marx&#8217;s line, &#8220;Who you going to believe &#8212; <a href='http://www.economicnoise.com/2010/09/13/your-eyes-or-government-data/'>[...]</a>]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Wake up and Smell Economic Reality</title>
		<link>http://www.economicnoise.com/2010/08/03/wake-up-and-smell-economic-reality/</link>
		<comments>http://www.economicnoise.com/2010/08/03/wake-up-and-smell-economic-reality/#comments</comments>
		<pubDate>Tue, 03 Aug 2010 10:37:44 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[banks]]></category>
		<category><![CDATA[Commercial Real Estate]]></category>
		<category><![CDATA[consumer]]></category>
		<category><![CDATA[credit]]></category>
		<category><![CDATA[Debt]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[employment]]></category>
		<category><![CDATA[Insolvency]]></category>
		<category><![CDATA[spending]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=12496</guid>
		<description><![CDATA[To those still foolish enough (or delusionally optimistic) to believe that our economy has turned the corner and is headed back to pre-2008 days, turn off your TVs and cancel whatever newspapers you are reading. It just ain&#8217;t happening and it isn&#8217;t about to begin! The post below describes the situation thusly (my emboldening): we <a href='http://www.economicnoise.com/2010/08/03/wake-up-and-smell-economic-reality/'>[...]</a>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Inflation or Deflation &#8211; Considered Again</title>
		<link>http://www.economicnoise.com/2010/03/16/inflation-or-deflation-considered-again/</link>
		<comments>http://www.economicnoise.com/2010/03/16/inflation-or-deflation-considered-again/#comments</comments>
		<pubDate>Tue, 16 Mar 2010 23:53:34 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[consumer]]></category>
		<category><![CDATA[credit]]></category>
		<category><![CDATA[Deflation]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[Inflation]]></category>
		<category><![CDATA[Insolvency]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=9261</guid>
		<description><![CDATA[A reasoned view for high inflation is made on Zerohedge. My opinion is that hyperdeflation (if it is defined as 5% or more) does not occur. The level of inflation could be hyper, however. I agree that &#8220;Monetisation is now the policy lever of first resort&#8221; and that governments will default on a rather massive scale. Albert <a href='http://www.economicnoise.com/2010/03/16/inflation-or-deflation-considered-again/'>[...]</a>]]></description>
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		<slash:comments>0</slash:comments>
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