"A first job may be similar to one's experience with grade school," Larry Ragan wrote in a private memoir. "It becomes engraved in the memory." And since Larry was my first boss, he is engraved in my memory.
There is a grave fiscal cloud gathering on the horizon. Like most economists who do not have their heads in the sand, I have for many years warned of a pending fiscal crisis driven by excessive debt and unrealistic government commitments.
There are several states in the Midwest where successful entrepreneurial companies are charting the way for a new economy and demonstrating that high-growth entrepreneurship can happen anywhere when a region plays off its strengths.
The use of bad arguments to defend a position is a fairly strong telltale that the position cannot be defended with good arguments. This seems to be the case with the Korea FTA. NAM must think the public is fairly dumb to fall for its claims.