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    <title>Institutional Economics</title>
    <link>http://www.institutional-economics.com/index.php/section/index/</link>
    <description></description>
    <dc:language>en</dc:language>
    <dc:creator>stephen_kirchner@institutional-economics.com</dc:creator>
    <dc:date>2010-03-13T05:16:58+00:00</dc:date>
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    dc:title="Steve Keen Hides His Shame"
    dc:identifier="http://www.institutional-economics.com/index.php/section/comments/1318/" 
    dc:subject="Economics,Financial Markets,House Prices"
    dc:description="Steve Keen&#8217;s design for a t&#45;shirt to wear on the march of his housing doomsday cult to the top of Mount Kosciuszko looks like a CAPTCHA challenge&#45;response test: &amp;lt;img src=&quot;http://www.institutional&#45;economics.com/images/uploads/keen.png&quot; border=&quot;0&quot; alt=&quot;image&quot; name=&quot;image&quot; width=&quot;274&quot; height=&quot;320&quot; /&amp;gt; As &amp;lt;a href=&quot;http://christopherjoye.blogspot.com/2010/03/steve&#45;keens&#45;t&#45;shirt.html&quot; title=&quot;Chris Joye&quot;&amp;gt;Chris Joye&amp;lt;/a&amp;gt; notes, the proposed design &#8216;directly dishonours the agreement he struck with Macquarie Bank&#39;s Rory Robertson&#8217; to&#8230;"
    dc:creator="skirchner"
    dc:date="2010-03-13 06:16:58 AM GMT" />
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    dc:title="The Official Lies that Underpin the Euro"
    dc:identifier="http://www.institutional-economics.com/index.php/section/comments/1317/" 
    dc:subject="Economics,Financial Markets"
    dc:description="&amp;lt;a href=&quot;http://www.spiegel.de/international/europe/0,1518,682432,00.html&quot; title=&quot;Der Spiegel&quot;&amp;gt;Der Spiegel&amp;lt;/a&amp;gt; on the official lies that underpin European Monetary Union: &amp;lt;blockquote&amp;gt;&amp;lt;i&amp;gt;Since joining the euro zone, the 16 euro countries have violated the deficit rule, under which net new debt cannot exceed 3 percent of GDP, 43 times. Most of the infractions have occurred in the last two years. Greece is at the top of the list of violators. Only once did the country manage to push its deficit rate&#8230;"
    dc:creator="skirchner"
    dc:date="2010-03-11 11:33:33 PM GMT" />
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      <rdf:li rdf:resource="http://www.institutional-economics.com/index.php/weblog/mid-week_linkfest2/" />
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    dc:title="Mid&#45;Week Linkfest"
    dc:identifier="http://www.institutional-economics.com/index.php/section/comments/1316/" 
    dc:subject="Economics,Misc"
    dc:description="1. Roubini wrong &amp;lt;a href=&quot;http://seekingalpha.com/article/191984&#45;the&#45;great&#45;roubini&#45;wrong&#45;again&#45;and&#45;again&quot; title=&quot;again and again&quot;&amp;gt;again and again&amp;lt;/a&amp;gt;. 2. &amp;lt;a href=&quot;http://www.dailymail.co.uk/news/worldnews/article&#45;1255449/Greece&#45;debt&#45;crisis&#45;German&#45;MPs&#45;suggest&#45;Greek&#45;Islands&#45;Acropolis&#45;sale.html&quot; title=&quot;Cash for Corfu&quot;&amp;gt;Cash for Corfu&amp;lt;/a&amp;gt;. 3. &amp;lt;a href=&quot;http://online.wsj.com/article/SB10001424052748704548604575097664278181010.html&quot; title=&quot;Axel Weber and Philipp Hildebrand&quot;&amp;gt;Axel Weber and Philipp Hildebrand&amp;lt;/a&amp;gt;&#8230;"
    dc:creator="skirchner"
    dc:date="2010-03-09 10:31:37 PM GMT" />
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    dc:title="Nice Hedge Fund You&#8217;ve Got There, Shame if Something Were to Happen to It"
    dc:identifier="http://www.institutional-economics.com/index.php/section/comments/1314/" 
    dc:subject="Economics,Financial Markets,Rule of Law"
    dc:description="Governments may sometimes feel threatened by hedge funds (and properly so), but no one beats the &amp;lt;a href=&quot;http://online.wsj.com/article/SB10001424052748704486504575098021150940494.html&quot; title=&quot;US Justice Department&quot;&amp;gt;US Justice Department&amp;lt;/a&amp;gt; when it comes to bureaucratic intimidation and standover tactics: &amp;lt;blockquote&amp;gt;&amp;lt;i&amp;gt;The Justice Department has launched an investigation into whether hedge funds might have banded together to drive down the value of the euro, people familiar with the matter say.&#8230;"
    dc:creator="skirchner"
    dc:date="2010-03-04 12:00:28 AM GMT" />
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    dc:title="Mid&#45;Week Linkfest"
    dc:identifier="http://www.institutional-economics.com/index.php/section/comments/1313/" 
    dc:subject="Misc"
    dc:description="&amp;lt;a href=&quot;http://online.wsj.com/article/SB10001424052748703787304575075410035602660.html&quot; title=&quot;Peter Wallison&quot;&amp;gt;Peter Wallison&amp;lt;/a&amp;gt; on why financial sector reform is stalled.

&amp;lt;a href=&quot;http://www.efa.org.au/2010/03/02/government&#45;dont&#45;feed&#45;the&#45;trolls/&quot; title=&quot;Electronic Frontiers Australia&quot;&amp;gt;Electronic Frontiers Australia&amp;lt;/a&amp;gt; on Facebook police.

The &amp;lt;a href=&quot;http://www.thecartelmovie.com/&quot; title=&quot;documentary&quot;&amp;gt;documentary&amp;lt;/a&amp;gt; that asks why parents aren&#39;t rioting in the streets."
    dc:creator="skirchner"
    dc:date="2010-03-02 11:30:18 PM GMT" />
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    dc:title="Betting on the RBA"
    dc:identifier="http://www.institutional-economics.com/index.php/section/comments/1312/" 
    dc:subject="Economics,Financial Markets,Monetary Policy"
    dc:description="Someone was &amp;lt;a href=&quot;http://www.theage.com.au/business/punters&#45;say&#45;no&#45;rate&#45;rise&#45;money&#45;men&#45;say&#45;its&#45;on&#45;20100301&#45;pdlk.html&quot; title=&quot;betting big&quot;&amp;gt;betting big&amp;lt;/a&amp;gt; on the outcome of today&#39;s RBA Board meeting: &amp;lt;blockquote&amp;gt;&amp;lt;i&amp;gt;a Centrebet regular, has staked just short of $30,000 on the Reserve Bank sitting on its hands. If at 2.30pm the bank announces its board has decided to keep rates on hold, he will walk away with a profit of $21,000. If it puts rates up, he will say goodbye to $29,500. &#39;&#39;He is very confident.&#8230;"
    dc:creator="skirchner"
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    dc:title="The CPI and the RBA&#8217;s Backward&#45;Looking Bias"
    dc:identifier="http://www.institutional-economics.com/index.php/section/comments/1311/" 
    dc:subject="Economics,Financial Markets,Monetary Policy"
    dc:description="I have an op&#45;ed in today&#8217;s &amp;lt;i&amp;gt;Canberra Times&amp;lt;/i&amp;gt; arguing for a monthly CPI for Australia (full text below the fold): &amp;lt;blockquote&amp;gt;&amp;lt;i&amp;gt;This lack of timeliness in compiling and releasing inflation data gives monetary policy a backward&#45;looking bias. Around 45 per cent of the changes in the official interest rate since 1990 have been announced at the Board meeting immediately following the quarterly CPI release. During the 2002&#45;08 tightening episode, 67 per cent of rate hikes followed this pattern,&#8230;"
    dc:creator="skirchner"
    dc:date="2010-03-01 02:23:56 AM GMT" />
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    dc:title="Divergent Pricing for March RBA Board Meeting"
    dc:identifier="http://www.institutional-economics.com/index.php/section/comments/1310/" 
    dc:subject="Economics,Financial Markets,Monetary Policy"
    dc:description="Friday&#8217;s Reuters poll has 12 of 18 financial market economists expecting a 25 bps tightening, with the balance looking for steady rates.  March inter&#45;bank futures are giving only a 49% chance to a 25 bp tightening, while iPredict is pricing a 67% chance of a rate hike.  I suspect interbank futures are closer to the mark.

I will be talking on Australian monetary policy on Bloomberg TV Tuesday morning AEDT."
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    dc:date="2010-02-26 07:24:50 AM GMT" />
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    dc:title="Child Labour at Stanford"
    dc:identifier="http://www.institutional-economics.com/index.php/section/comments/1309/" 
    dc:subject="Economics"
    dc:description="&amp;lt;a href=&quot;http://www.youtube.com/watch?v=7X0jC3GvPYo&quot; title=&quot;Youngest ever guest lecturer&quot;&amp;gt;Youngest ever guest lecturer&amp;lt;/a&amp;gt;."
    dc:creator="skirchner"
    dc:date="2010-02-25 03:27:43 AM GMT" />
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    dc:title="The Future of Money"
    dc:identifier="http://www.institutional-economics.com/index.php/section/comments/1308/" 
    dc:subject="Economics,Financial Markets"
    dc:description="&amp;lt;a href=&quot;http://www.wired.com/magazine/2010/02/ff_futureofmoney/all/1&quot; title=&quot;New innovations in payment systems&quot;&amp;gt;New innovations in payment systems&amp;lt;/a&amp;gt;, including:

&amp;lt;blockquote&amp;gt;&amp;lt;i&amp;gt;dynamic invoices that pay themselves &#8212; that constantly monitor exchange rates, say, or the price of lumber, and then automatically send out an order to withdraw funds or to make a purchase just when the price is cheapest.&amp;lt;/i&amp;gt; &amp;lt;/blockquote&amp;gt;
"
    dc:creator="skirchner"
    dc:date="2010-02-25 12:28:42 AM GMT" />
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    <item rdf:about="http://www.institutional-economics.com/index.php/weblog/steve_keen_hides_his_shame/">
      <title>Steve Keen Hides His Shame</title>
      <link>http://www.institutional-economics.com/index.php/weblog/steve_keen_hides_his_shame/</link>
      <description></description>
      <dc:subject>Economics, Financial Markets, House Prices</dc:subject>
      <dc:creator>skirchner</dc:creator>
      <dc:date>2010-03-13T06:16:58+00:00</dc:date>
    </item>

    <item rdf:about="http://www.institutional-economics.com/index.php/weblog/the_official_lies_that_underpin_the_euro/">
      <title>The Official Lies that Underpin the Euro</title>
      <link>http://www.institutional-economics.com/index.php/weblog/the_official_lies_that_underpin_the_euro/</link>
      <description></description>
      <dc:subject>Economics, Financial Markets</dc:subject>
      <dc:creator>skirchner</dc:creator>
      <dc:date>2010-03-11T23:33:33+00:00</dc:date>
    </item>

    <item rdf:about="http://www.institutional-economics.com/index.php/weblog/mid-week_linkfest2/">
      <title>Mid&#45;Week Linkfest</title>
      <link>http://www.institutional-economics.com/index.php/weblog/mid-week_linkfest2/</link>
      <description></description>
      <dc:subject>Economics, Misc</dc:subject>
      <dc:creator>skirchner</dc:creator>
      <dc:date>2010-03-09T22:31:37+00:00</dc:date>
    </item>

    <item rdf:about="http://www.institutional-economics.com/index.php/weblog/nice_hedge_fund_youve_got_there_shame_if_something_were_to_happen_to_it/">
      <title>Nice Hedge Fund You&#8217;ve Got There, Shame if Something Were to Happen to It</title>
      <link>http://www.institutional-economics.com/index.php/weblog/nice_hedge_fund_youve_got_there_shame_if_something_were_to_happen_to_it/</link>
      <description></description>
      <dc:subject>Economics, Financial Markets, Rule of Law</dc:subject>
      <dc:creator>skirchner</dc:creator>
      <dc:date>2010-03-04T00:00:28+00:00</dc:date>
    </item>

    <item rdf:about="http://www.institutional-economics.com/index.php/weblog/mid-week/">
      <title>Mid&#45;Week Linkfest</title>
      <link>http://www.institutional-economics.com/index.php/weblog/mid-week/</link>
      <description></description>
      <dc:subject>Misc</dc:subject>
      <dc:creator>skirchner</dc:creator>
      <dc:date>2010-03-02T23:30:18+00:00</dc:date>
    </item>

    <item rdf:about="http://www.institutional-economics.com/index.php/weblog/betting_on_the_rba/">
      <title>Betting on the RBA</title>
      <link>http://www.institutional-economics.com/index.php/weblog/betting_on_the_rba/</link>
      <description></description>
      <dc:subject>Economics, Financial Markets, Monetary Policy</dc:subject>
      <dc:creator>skirchner</dc:creator>
      <dc:date>2010-03-02T06:58:02+00:00</dc:date>
    </item>

    <item rdf:about="http://www.institutional-economics.com/index.php/weblog/the_cpi_and_the_rbas_backward-looking_bias/">
      <title>The CPI and the RBA&#8217;s Backward&#45;Looking Bias</title>
      <link>http://www.institutional-economics.com/index.php/weblog/the_cpi_and_the_rbas_backward-looking_bias/</link>
      <description></description>
      <dc:subject>Economics, Financial Markets, Monetary Policy</dc:subject>
      <dc:creator>skirchner</dc:creator>
      <dc:date>2010-03-01T02:23:56+00:00</dc:date>
    </item>

    <item rdf:about="http://www.institutional-economics.com/index.php/weblog/divergent_pricing_for_march_rba_board_meeting/">
      <title>Divergent Pricing for March RBA Board Meeting</title>
      <link>http://www.institutional-economics.com/index.php/weblog/divergent_pricing_for_march_rba_board_meeting/</link>
      <description></description>
      <dc:subject>Economics, Financial Markets, Monetary Policy</dc:subject>
      <dc:creator>skirchner</dc:creator>
      <dc:date>2010-02-26T07:24:50+00:00</dc:date>
    </item>

    <item rdf:about="http://www.institutional-economics.com/index.php/weblog/child_labour_at_stanford/">
      <title>Child Labour at Stanford</title>
      <link>http://www.institutional-economics.com/index.php/weblog/child_labour_at_stanford/</link>
      <description></description>
      <dc:subject>Economics</dc:subject>
      <dc:creator>skirchner</dc:creator>
      <dc:date>2010-02-25T03:27:43+00:00</dc:date>
    </item>

    <item rdf:about="http://www.institutional-economics.com/index.php/weblog/the_future_of_money/">
      <title>The Future of Money</title>
      <link>http://www.institutional-economics.com/index.php/weblog/the_future_of_money/</link>
      <description></description>
      <dc:subject>Economics, Financial Markets</dc:subject>
      <dc:creator>skirchner</dc:creator>
      <dc:date>2010-02-25T00:28:42+00:00</dc:date>
    </item>


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