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I rarely catch late night television, so it was a bit of a surprise to me that President Obama was on Dave Letterman’s show last night. I much prefer the Letterman format of keeping a guest around instead of shooing them away after a couple of segments, though maybe that’s the norm for Letterman too…

I’ve been reading Tyler Cowen, Ezra Klein, and the League on the matter of the Baucus bill and am frankly bothered by the way in which progressives seem to be losing sight of the main goal of health care: to bring affordable coverage to 100% of all Americans. This is a goal that the vaunted…

Megan McArdle lays out the grim outlook for the future, pointing out that tax revenues are plummeting, spending is up, and our national credit rating is in danger. Looking at the landscape ahead, especially the challenges that we as a nation face at home and abroad, I conclude that we need bold change instead of…

This is a great article in the London Review of Books about Islamic finance, in the context of the global banking crisis. I found this excerpt particularly insightful:  One of the central differences between the Islamic and conventional approaches to finance is that our own cults – which may well see a revision before the…
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