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The National Bureau of Economic Research (NBER) is a private, nonprofit, nonpartisan research organization dedicated to promoting a greater understanding of how the economy works. The NBER is also the organization that tells us when we are in and out of recession. The report today from the Business Cycle Dating Committee of the National [...] You’ve certainly read or heard the term, “moral hazard”. The phrase is often used in discussions about the consequences of the various bailouts offered by the Federal government in its efforts to strengthen the economy. It’s a term from the insurance industry related to how much one is enticed to avoid risk if the [...] |
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