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	<title>Monty Pelerin&#039;s World &#187; moral hazard</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>The Ant and The Grasshopper &#8212; An Allegory For The Country</title>
		<link>http://www.economicnoise.com/2011/12/29/the-ant-and-the-grasshopper-an-allegory-for-the-country/</link>
		<comments>http://www.economicnoise.com/2011/12/29/the-ant-and-the-grasshopper-an-allegory-for-the-country/#comments</comments>
		<pubDate>Thu, 29 Dec 2011 12:39:02 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[AmericanFuture]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[humor]]></category>
		<category><![CDATA[law]]></category>
		<category><![CDATA[moral hazard]]></category>
		<category><![CDATA[morality]]></category>
		<category><![CDATA[Aesop]]></category>
		<category><![CDATA[ant]]></category>
		<category><![CDATA[grasshopper]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=25531</guid>
		<description><![CDATA[Absurdity is often an excellent way to make a point. Aesop thought so when he created the fable of the ant and the grasshopper. But just how much of a fable was it? This email updates Aesop&#8217;s attempt at absurdity. Unfortunately for the country, other than the anthropomorphic elements, the fable is no longer a <a href='http://www.economicnoise.com/2011/12/29/the-ant-and-the-grasshopper-an-allegory-for-the-country/'>[...]</a>]]></description>
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		<slash:comments>4</slash:comments>
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		<title>OneTragedy of The Welfare State</title>
		<link>http://www.economicnoise.com/2011/12/05/onetragedy-of-the-welfare-state/</link>
		<comments>http://www.economicnoise.com/2011/12/05/onetragedy-of-the-welfare-state/#comments</comments>
		<pubDate>Mon, 05 Dec 2011 11:05:40 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[Government]]></category>
		<category><![CDATA[Insolvency]]></category>
		<category><![CDATA[moral hazard]]></category>
		<category><![CDATA[morality]]></category>
		<category><![CDATA[welfare]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=24897</guid>
		<description><![CDATA[A pathetic example of what liberalism has done to &#8220;help&#8221; the poor. How does the country break out of this cycle of dependency? What happens when the money runs out? &#160; H/T Protein Wisdom Share/Save]]></description>
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		<slash:comments>1</slash:comments>
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		<title>The Great Reset</title>
		<link>http://www.economicnoise.com/2011/07/08/the-great-reset/</link>
		<comments>http://www.economicnoise.com/2011/07/08/the-great-reset/#comments</comments>
		<pubDate>Fri, 08 Jul 2011 10:21:09 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[economy]]></category>
		<category><![CDATA[employment]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[moral hazard]]></category>
		<category><![CDATA[Charles Hugh Smith]]></category>
		<category><![CDATA[Problems In The Nation]]></category>
		<category><![CDATA[Society and Culture]]></category>
		<category><![CDATA[The Great Reset]]></category>
		<category><![CDATA[Unavoidable Consequence]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=21571</guid>
		<description><![CDATA[Charles Hugh Smith calls what is coming The Great Reset. His article explains the what and whys of this reset. Below is part of his article which deals with three of these factors: Since the Status Quo is unsustainable, there will be a Great Reset. The timing and nature of that Reset is up to <a href='http://www.economicnoise.com/2011/07/08/the-great-reset/'>[...]</a>]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Why We Are Broke</title>
		<link>http://www.economicnoise.com/2011/07/07/why-we-are-broke/</link>
		<comments>http://www.economicnoise.com/2011/07/07/why-we-are-broke/#comments</comments>
		<pubDate>Thu, 07 Jul 2011 11:13:57 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[economy]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[moral hazard]]></category>
		<category><![CDATA[Bill Bonner]]></category>
		<category><![CDATA[Welfare State]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=21554</guid>
		<description><![CDATA[Bill Bonner is his inimitable fashion reduces the welfare state to its simplest essence: The debt ceiling is distraction. It’s just an American nuance to a genuine problem that is plaguing all the mature democratic/capitalistic economies. Greece, Britain, Ireland…dozens of other countries…and the US. As regular readers of this Daily Reckoning know, It is a problem with <a href='http://www.economicnoise.com/2011/07/07/why-we-are-broke/'>[...]</a>]]></description>
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		<slash:comments>0</slash:comments>
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		<title>A Class of Economic Zombies, Another Triumph of Socialism</title>
		<link>http://www.economicnoise.com/2011/05/24/a-class-of-economic-zombies-another-triumph-of-socialism/</link>
		<comments>http://www.economicnoise.com/2011/05/24/a-class-of-economic-zombies-another-triumph-of-socialism/#comments</comments>
		<pubDate>Tue, 24 May 2011 12:11:13 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[Favorites]]></category>
		<category><![CDATA[law]]></category>
		<category><![CDATA[moral hazard]]></category>
		<category><![CDATA[morality]]></category>
		<category><![CDATA[Ben Franklin]]></category>
		<category><![CDATA[mises]]></category>
		<category><![CDATA[NBER]]></category>
		<category><![CDATA[Shame]]></category>
		<category><![CDATA[Socialism]]></category>
		<category><![CDATA[Tragedy]]></category>
		<category><![CDATA[War On Poverty]]></category>
		<category><![CDATA[Welfare System]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=20638</guid>
		<description><![CDATA[Apparently our government has succeeded in making almost half of the population dependent upon it or others. Phil Izzo in the WSJ discussed a paper from the National Bureau of Economic Research: The survey asked a simple question, “If you were to face a $2,000 unexpected expense in the next month, how would you get the funds <a href='http://www.economicnoise.com/2011/05/24/a-class-of-economic-zombies-another-triumph-of-socialism/'>[...]</a>]]></description>
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		<slash:comments>4</slash:comments>
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