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	<title>It Don&#039;t Mean Much, These Seats are Cheap.</title>
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	<description>&#34;Christina Romer is to whom good monetary theory goes to die.&#34;</description>
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		<title>It Don&#039;t Mean Much, These Seats are Cheap.</title>
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		<title>Add the New Blog!</title>
		<link>http://cheapseatsecon.wordpress.com/2010/05/15/add-the-new-blog/</link>
		<comments>http://cheapseatsecon.wordpress.com/2010/05/15/add-the-new-blog/#comments</comments>
		<pubDate>Sat, 15 May 2010 22:13:08 +0000</pubDate>
		<dc:creator>Niklas Blanchard</dc:creator>
				<category><![CDATA[Fun]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[New Blog!]]></category>

		<guid isPermaLink="false">http://cheapseatsecon.wordpress.com/?p=1942</guid>
		<description><![CDATA[I am moving over to the domain www.cheapseatsecon.com! There isn&#8217;t really any real reason for the switch besides I wanted my own domain name. The transition seems to have gone fairly smoothly, and all of the comments and posts transfered over&#8230;along with anyone who had a comment account. In any case, here is the updated [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=cheapseatsecon.wordpress.com&amp;blog=11909783&amp;post=1942&amp;subd=cheapseatsecon&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<title>A Warm Welcome</title>
		<link>http://cheapseatsecon.wordpress.com/2010/05/12/a-warm-welcome/</link>
		<comments>http://cheapseatsecon.wordpress.com/2010/05/12/a-warm-welcome/#comments</comments>
		<pubDate>Wed, 12 May 2010 19:20:30 +0000</pubDate>
		<dc:creator>Niklas Blanchard</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[Fun]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Banking]]></category>
		<category><![CDATA[Bill]]></category>
		<category><![CDATA[Buchanan]]></category>
		<category><![CDATA[Currencies]]></category>
		<category><![CDATA[Economic]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[George]]></category>
		<category><![CDATA[History]]></category>
		<category><![CDATA[James]]></category>
		<category><![CDATA[Monetary]]></category>
		<category><![CDATA[Money]]></category>
		<category><![CDATA[Oliver]]></category>
		<category><![CDATA[Policy]]></category>
		<category><![CDATA[Selgin]]></category>
		<category><![CDATA[Systems]]></category>
		<category><![CDATA[Woolsey]]></category>

		<guid isPermaLink="false">http://cheapseatsecon.wordpress.com/?p=1937</guid>
		<description><![CDATA[James Oliver recently e-mailed me a shortlist of people I could consider adding to the &#8220;Too Brittle to Sustain&#8221; club: Bill Woolsey Bill Woolsey is an excellent monetary economist who (as far as I can tell) favors free banking, and private currency issue. On his blog, he has advocated price level targeting to stabilize the [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=cheapseatsecon.wordpress.com&amp;blog=11909783&amp;post=1937&amp;subd=cheapseatsecon&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<title>A Token of Your Appreciation</title>
		<link>http://cheapseatsecon.wordpress.com/2010/05/11/a-token-of-your-appreciation/</link>
		<comments>http://cheapseatsecon.wordpress.com/2010/05/11/a-token-of-your-appreciation/#comments</comments>
		<pubDate>Wed, 12 May 2010 01:30:45 +0000</pubDate>
		<dc:creator>Niklas Blanchard</dc:creator>
				<category><![CDATA[Political Economy]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Arrow]]></category>
		<category><![CDATA[Caldwell]]></category>
		<category><![CDATA[Complementary]]></category>
		<category><![CDATA[Currency]]></category>
		<category><![CDATA[Exchange]]></category>
		<category><![CDATA[Impossibility]]></category>
		<category><![CDATA[Kenneth]]></category>
		<category><![CDATA[Leigh]]></category>
		<category><![CDATA[Theorem]]></category>
		<category><![CDATA[Token]]></category>

		<guid isPermaLink="false">http://cheapseatsecon.wordpress.com/?p=1929</guid>
		<description><![CDATA[Leigh Caldwell has an interesting reconciliation of Arrow&#8217;s Impossibility Theorem, and also takes a swipe at my contention about initiatives (not quoted): So what I propose is a points system. We each get 100 tokens to allocate to different policies. Each of these policies has a price, and we choose which ones matter to us. [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=cheapseatsecon.wordpress.com&amp;blog=11909783&amp;post=1929&amp;subd=cheapseatsecon&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>2</slash:comments>
	
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		<title>What is Goldman Sachs&#8217; Competitive Advantage?</title>
		<link>http://cheapseatsecon.wordpress.com/2010/05/11/what-is-goldman-sachs-competitive-advantage/</link>
		<comments>http://cheapseatsecon.wordpress.com/2010/05/11/what-is-goldman-sachs-competitive-advantage/#comments</comments>
		<pubDate>Tue, 11 May 2010 16:53:00 +0000</pubDate>
		<dc:creator>Niklas Blanchard</dc:creator>
				<category><![CDATA[Finance]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Advantage]]></category>
		<category><![CDATA[Competitive]]></category>
		<category><![CDATA[EMH]]></category>
		<category><![CDATA[Goldman]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[Market]]></category>
		<category><![CDATA[Rent]]></category>
		<category><![CDATA[Sachs]]></category>
		<category><![CDATA[Seeking]]></category>

		<guid isPermaLink="false">http://cheapseatsecon.wordpress.com/?p=1924</guid>
		<description><![CDATA[Talk about a Catch-22. Turns out Goldman Sachs didn&#8217;t have a single day of trading losses during 2010Q1. That&#8217;s great news for anyone, except: The lack of trading losses could add to the perception that Goldman Sachs has an unfair advantage in the markets, one shareholder said. &#8220;It will reinforce the heads we win, tails [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=cheapseatsecon.wordpress.com&amp;blog=11909783&amp;post=1924&amp;subd=cheapseatsecon&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://cheapseatsecon.wordpress.com/2010/05/11/what-is-goldman-sachs-competitive-advantage/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
	
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		<title>Thinking About Complexity</title>
		<link>http://cheapseatsecon.wordpress.com/2010/05/10/thinking-about-complexity/</link>
		<comments>http://cheapseatsecon.wordpress.com/2010/05/10/thinking-about-complexity/#comments</comments>
		<pubDate>Tue, 11 May 2010 00:03:01 +0000</pubDate>
		<dc:creator>Niklas Blanchard</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Beggs]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Diminishing]]></category>
		<category><![CDATA[Economists Do it With Models]]></category>
		<category><![CDATA[Jodi]]></category>
		<category><![CDATA[Labor]]></category>
		<category><![CDATA[Marginal]]></category>
		<category><![CDATA[Meetings]]></category>
		<category><![CDATA[Networks]]></category>
		<category><![CDATA[Nodes]]></category>
		<category><![CDATA[Product]]></category>
		<category><![CDATA[Utility]]></category>

		<guid isPermaLink="false">http://cheapseatsecon.wordpress.com/?p=1915</guid>
		<description><![CDATA[As loyal readers will have probably surmised, I try my best to capitalize on people that are smarter than me writing about the same concepts I write about. I&#8217;m relatively unknown as far as the economics entire world goes, so cross-referencing what I write with more credible people signals my own credibility. Unless you ruin [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=cheapseatsecon.wordpress.com&amp;blog=11909783&amp;post=1915&amp;subd=cheapseatsecon&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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		<title>Selfish Reasons to Have More Kids Book Cover</title>
		<link>http://cheapseatsecon.wordpress.com/2010/05/09/selfish-reasons-to-have-more-kids-book-cover/</link>
		<comments>http://cheapseatsecon.wordpress.com/2010/05/09/selfish-reasons-to-have-more-kids-book-cover/#comments</comments>
		<pubDate>Sun, 09 May 2010 19:56:40 +0000</pubDate>
		<dc:creator>Niklas Blanchard</dc:creator>
				<category><![CDATA[Graphic Design]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Book]]></category>
		<category><![CDATA[Bryan]]></category>
		<category><![CDATA[Caplan]]></category>
		<category><![CDATA[Contest]]></category>
		<category><![CDATA[Cover]]></category>
		<category><![CDATA[Design]]></category>
		<category><![CDATA[Graphic]]></category>
		<category><![CDATA[Selfish Reasons to Have More Kids]]></category>

		<guid isPermaLink="false">http://cheapseatsecon.wordpress.com/?p=1905</guid>
		<description><![CDATA[Since Bryan Caplan has not sent me his manuscript, I have been forced to interpret from his blog posts as to the subject matter of his upcoming book, Selfish Reasons to Have More Kids. Below is the first conceptual design I have come up with. Being in close proximity to Robin Hanson, I would imagine [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=cheapseatsecon.wordpress.com&amp;blog=11909783&amp;post=1905&amp;subd=cheapseatsecon&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://cheapseatsecon.wordpress.com/2010/05/09/selfish-reasons-to-have-more-kids-book-cover/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
	
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			<media:title type="html">cheapseatsecon</media:title>
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		<item>
		<title>Surprise! Recession II</title>
		<link>http://cheapseatsecon.wordpress.com/2010/05/08/surprise-recession-ii/</link>
		<comments>http://cheapseatsecon.wordpress.com/2010/05/08/surprise-recession-ii/#comments</comments>
		<pubDate>Sun, 09 May 2010 02:09:03 +0000</pubDate>
		<dc:creator>Niklas Blanchard</dc:creator>
				<category><![CDATA[Complexity Economics]]></category>
		<category><![CDATA[Monetary Policy]]></category>
		<category><![CDATA[B2B]]></category>
		<category><![CDATA[Biological]]></category>
		<category><![CDATA[Boltzmann]]></category>
		<category><![CDATA[Complementary]]></category>
		<category><![CDATA[Complexity]]></category>
		<category><![CDATA[Currency]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[Evolution]]></category>
		<category><![CDATA[Indeterminacy]]></category>
		<category><![CDATA[Legal]]></category>
		<category><![CDATA[M*V]]></category>
		<category><![CDATA[Recession]]></category>
		<category><![CDATA[Surprise]]></category>
		<category><![CDATA[Swiss]]></category>
		<category><![CDATA[Systems]]></category>
		<category><![CDATA[Tender]]></category>
		<category><![CDATA[US]]></category>
		<category><![CDATA[WIR]]></category>

		<guid isPermaLink="false">http://cheapseatsecon.wordpress.com/?p=1894</guid>
		<description><![CDATA[This is the second part of the series started with this post. It is well worth it to begin by reading the first part, as it lays the foundational framework for the topics discussed in this post. If you would like to skip the math, scroll down to From Natural Systems to Economic Systems. Update: [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=cheapseatsecon.wordpress.com&amp;blog=11909783&amp;post=1894&amp;subd=cheapseatsecon&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>2</slash:comments>
	
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		<item>
		<title>Quick Notes About Greece</title>
		<link>http://cheapseatsecon.wordpress.com/2010/05/07/quick-notes-about-greece/</link>
		<comments>http://cheapseatsecon.wordpress.com/2010/05/07/quick-notes-about-greece/#comments</comments>
		<pubDate>Fri, 07 May 2010 20:15:57 +0000</pubDate>
		<dc:creator>Niklas Blanchard</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[Political Economy]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Arnold]]></category>
		<category><![CDATA[Communist]]></category>
		<category><![CDATA[Economist]]></category>
		<category><![CDATA[EU]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[Greece]]></category>
		<category><![CDATA[IMF]]></category>
		<category><![CDATA[Kling]]></category>
		<category><![CDATA[Leftist]]></category>
		<category><![CDATA[Mikis]]></category>
		<category><![CDATA[Nationalism]]></category>
		<category><![CDATA[Party]]></category>
		<category><![CDATA[Populism]]></category>
		<category><![CDATA[Public]]></category>
		<category><![CDATA[The]]></category>
		<category><![CDATA[Theodorakis]]></category>
		<category><![CDATA[US]]></category>
		<category><![CDATA[Xenophobia]]></category>

		<guid isPermaLink="false">http://cheapseatsecon.wordpress.com/?p=1890</guid>
		<description><![CDATA[I&#8217;m learning a lot about Greece reading about reactions to the recent &#8220;fiscal austerity&#8221; measures taken up under the auspice of the EU/IMF $145bn bailout. Case in point: And there is a hotheaded minority, at least, that does not believe the government when it says it had no choice. Mikis Theodorakis, Greece’s most famous composer, [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=cheapseatsecon.wordpress.com&amp;blog=11909783&amp;post=1890&amp;subd=cheapseatsecon&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>1</slash:comments>
	
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		<title>In Which I Say &#8216;Well, Maybe&#8217;&#8230;</title>
		<link>http://cheapseatsecon.wordpress.com/2010/05/07/in-which-i-say-well-maybe/</link>
		<comments>http://cheapseatsecon.wordpress.com/2010/05/07/in-which-i-say-well-maybe/#comments</comments>
		<pubDate>Fri, 07 May 2010 07:00:21 +0000</pubDate>
		<dc:creator>Niklas Blanchard</dc:creator>
				<category><![CDATA[Finance]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[80/20]]></category>
		<category><![CDATA[Adam]]></category>
		<category><![CDATA[Bernie]]></category>
		<category><![CDATA[Carl]]></category>
		<category><![CDATA[Financial]]></category>
		<category><![CDATA[IQ]]></category>
		<category><![CDATA[Kaufman]]></category>
		<category><![CDATA[Levin]]></category>
		<category><![CDATA[Loan]]></category>
		<category><![CDATA[Mortgage]]></category>
		<category><![CDATA[Ozimek]]></category>
		<category><![CDATA[Policy]]></category>
		<category><![CDATA[Regulation]]></category>
		<category><![CDATA[Rule]]></category>
		<category><![CDATA[Sanders]]></category>
		<category><![CDATA[Ted]]></category>

		<guid isPermaLink="false">http://cheapseatsecon.wordpress.com/?p=1885</guid>
		<description><![CDATA[Adam Ozimek wonders: Provocative question of the day: should mortgage applications come with a short IQ test, where potential borrowers receiving a score below a certain level are required to undergo extensive counseling to make sure they fully and completely understand the mortgage, payment schedule, and the all the issues it is assumed a borrower [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=cheapseatsecon.wordpress.com&amp;blog=11909783&amp;post=1885&amp;subd=cheapseatsecon&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>6</slash:comments>
	
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		<title>The Semantics of Drug Prohibition</title>
		<link>http://cheapseatsecon.wordpress.com/2010/05/05/the-semantics-of-drug-prohibition/</link>
		<comments>http://cheapseatsecon.wordpress.com/2010/05/05/the-semantics-of-drug-prohibition/#comments</comments>
		<pubDate>Thu, 06 May 2010 00:01:00 +0000</pubDate>
		<dc:creator>Niklas Blanchard</dc:creator>
				<category><![CDATA[International]]></category>
		<category><![CDATA[Trade]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[America]]></category>
		<category><![CDATA[Central]]></category>
		<category><![CDATA[Cinco]]></category>
		<category><![CDATA[de]]></category>
		<category><![CDATA[Decriminalization]]></category>
		<category><![CDATA[Drug]]></category>
		<category><![CDATA[EU]]></category>
		<category><![CDATA[Free]]></category>
		<category><![CDATA[Markets]]></category>
		<category><![CDATA[Mayo]]></category>
		<category><![CDATA[Mexico]]></category>
		<category><![CDATA[Prohibition]]></category>
		<category><![CDATA[South]]></category>
		<category><![CDATA[States]]></category>
		<category><![CDATA[United]]></category>
		<category><![CDATA[War]]></category>

		<guid isPermaLink="false">http://cheapseatsecon.wordpress.com/?p=1881</guid>
		<description><![CDATA[This Cinco de Mayo I&#8217;m going to use my blog to briefly speak against the one of the great injustices the world inflicts upon its people. Mexico, in particular, is severely affected by this injustice, and no; I&#8217;m not talking about free trade. It is America&#8217;s war on drugs that subjects the Mexican people to [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=cheapseatsecon.wordpress.com&amp;blog=11909783&amp;post=1881&amp;subd=cheapseatsecon&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://cheapseatsecon.wordpress.com/2010/05/05/the-semantics-of-drug-prohibition/feed/</wfw:commentRss>
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