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another example of Americans cutting back on spending due to recession fears

Another example of an economic commentator getting cause and effect backwards.

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes

by Carrie (migeru at eurotrib dot com) on Fri May 9th, 2008 at 09:22:38 AM EST
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