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	<title>Monty Pelerin&#039;s World &#187; Debt</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>Government Is Dead Man Walking</title>
		<link>http://www.economicnoise.com/2012/02/01/government-is-dead-man-walking/</link>
		<comments>http://www.economicnoise.com/2012/02/01/government-is-dead-man-walking/#comments</comments>
		<pubDate>Wed, 01 Feb 2012 06:35:52 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[Debt]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[Insolvency]]></category>
		<category><![CDATA[interest]]></category>
		<category><![CDATA[CBO]]></category>
		<category><![CDATA[Fiscal Crisis]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=26189</guid>
		<description><![CDATA[This response is from a regular reader sent directly to me. I blocked out his name only because I don&#8217;t know whether he wants it to be revealed. I am in complete agreement with what he says. It is precisely this reason that I believe the situation is hopeless. As I have said on other <a href='http://www.economicnoise.com/2012/02/01/government-is-dead-man-walking/'>[...]</a>]]></description>
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		<slash:comments>0</slash:comments>
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		<title>The Debt Monster Will Destroy The World</title>
		<link>http://www.economicnoise.com/2012/01/26/the-debt-monster-will-destroy-the-world/</link>
		<comments>http://www.economicnoise.com/2012/01/26/the-debt-monster-will-destroy-the-world/#comments</comments>
		<pubDate>Thu, 26 Jan 2012 06:46:47 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[Debt]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[Inflation]]></category>
		<category><![CDATA[Insolvency]]></category>
		<category><![CDATA[Depression]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=25652</guid>
		<description><![CDATA[There are still those who don&#8217;t believe the world is heading for massive debt defaults. But then there are also some who believe King Tut is not dead but merely sleeping. Debt has grown exponentially in developed countries. This growth includes both consumer, corporate and government debt. Debt is supported by collateral assets. Assets grow <a href='http://www.economicnoise.com/2012/01/26/the-debt-monster-will-destroy-the-world/'>[...]</a>]]></description>
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		<slash:comments>1</slash:comments>
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		<item>
		<title>Inflation or Deflation Before The Unavoidable Depression?</title>
		<link>http://www.economicnoise.com/2012/01/12/inflation-or-deflation-before-the-unavoidable-depression/</link>
		<comments>http://www.economicnoise.com/2012/01/12/inflation-or-deflation-before-the-unavoidable-depression/#comments</comments>
		<pubDate>Thu, 12 Jan 2012 20:04:09 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[currency]]></category>
		<category><![CDATA[Debt]]></category>
		<category><![CDATA[Deflation]]></category>
		<category><![CDATA[Favorites]]></category>
		<category><![CDATA[Inflation]]></category>
		<category><![CDATA[Investing Thoughts]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=25812</guid>
		<description><![CDATA[The argument persists as to whether our current economic crisis will end with massive inflation or in a deflationary spiral. Ultimately, either one results in a Depression. For investors, this argument is more than an academic one. It is the single most important variable for near and intermediate term investing success. It is also important <a href='http://www.economicnoise.com/2012/01/12/inflation-or-deflation-before-the-unavoidable-depression/'>[...]</a>]]></description>
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		<slash:comments>11</slash:comments>
		</item>
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		<title>Paul Krugman Redux</title>
		<link>http://www.economicnoise.com/2012/01/05/25672/</link>
		<comments>http://www.economicnoise.com/2012/01/05/25672/#comments</comments>
		<pubDate>Thu, 05 Jan 2012 11:21:55 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[Debt]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Keynesian]]></category>
		<category><![CDATA[spending]]></category>
		<category><![CDATA[Daily Bell]]></category>
		<category><![CDATA[Paul Krugman]]></category>
		<category><![CDATA[Socialism]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=25672</guid>
		<description><![CDATA[From The Daily Bell is another rant on the economics of Paul Krugman and his like: Krugman: Last Gasp of the Hamiltonians? Wednesday, January 04, 2012 – by Staff Report Alexander Hamilton Nobody Understands Debt &#8230; In 2011, as in 2010, America was in a technical recovery but continued to suffer from disastrously high unemployment. <a href='http://www.economicnoise.com/2012/01/05/25672/'>[...]</a>]]></description>
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		<slash:comments>1</slash:comments>
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		<title>Euro Plan Produces Meaningless Euphoria</title>
		<link>http://www.economicnoise.com/2011/12/23/euro-plan-produces-meaningless-euphoria/</link>
		<comments>http://www.economicnoise.com/2011/12/23/euro-plan-produces-meaningless-euphoria/#comments</comments>
		<pubDate>Fri, 23 Dec 2011 11:40:03 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[Debt]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[Insolvency]]></category>
		<category><![CDATA[Ecb]]></category>
		<category><![CDATA[Europe]]></category>
		<category><![CDATA[LTRO]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=25336</guid>
		<description><![CDATA[Europe (and the US for that matter) has passed the point of any traditional economic recovery. The amount of debt outstanding is not serviceable. Even if economic growth were to resume, it would not affect this condition. Adding more debt may extend the charade but cannot favorably impact the outcome. Massive defaults are inevitable. Political will <a href='http://www.economicnoise.com/2011/12/23/euro-plan-produces-meaningless-euphoria/'>[...]</a>]]></description>
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		<slash:comments>3</slash:comments>
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