Larry Summers is Steering the Economy Towards "Structural Adjustment"
By Mike Whitney
There's no fixed number of greenbacks in a vault at the Treasury which limit how much the federal government can spend. Since the US pays its debts in its own currency--it can print as many dollars as it pleases. Continue
Moody's Downgrades Dubai Companies: Ratings agency Moody's Investors Service on Tuesday downgraded the credit worthiness of a raft of Dubai government-controlled companies, citing a lack of government support over the emirate's debt obligations.
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