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Financial crises, and their aftermaths, can pose greater challenges to central bank independence than the more traditional pain associated with combating inflation.
It is time policymakers recognize that despite the claims of renewable energy and efficiency hucksters, we do not have the technologies needed to significantly curb greenhouse gas emissions without causing massive economic disruption.
Judging from the response to the Fed's three-year battle against systemic financial collapse and the risk of deflation, it is difficult to escape the conclusion that financial crises and their aftermaths can pose greater challenges to central bank independence than the more traditional pain associated with combating inflation.
Iran's Revolutionary Guards Commander fears attack against Iran and warns Hezbollah not to attack Israel for fear of reprisal
How can we best build U.S. resilience to the impact of global warming?
The election of David Cameron as the British prime minister may lead to the further deterioration of the relationship between Britain and the United States.
Real progress on climate policy will require many, many decades.





