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	<title>chakravyuha &#187; Economic</title>
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	<link>http://chakravyuha.com</link>
	<description>Interpreting the world...</description>
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		<title>The Milton Friedman orthodoxy</title>
		<link>http://chakravyuha.com/2010/02/19/the-milton-friedman-orthodoxy/</link>
		<comments>http://chakravyuha.com/2010/02/19/the-milton-friedman-orthodoxy/#comments</comments>
		<pubDate>Sat, 20 Feb 2010 06:53:32 +0000</pubDate>
		<dc:creator>gaurav</dc:creator>
				<category><![CDATA[Economic]]></category>
		<category><![CDATA[efficient market]]></category>
		<category><![CDATA[efficient market hypothesis]]></category>
		<category><![CDATA[eugene fama]]></category>
		<category><![CDATA[Milton Friedman]]></category>
		<category><![CDATA[new yorker]]></category>
		<category><![CDATA[posner]]></category>
		<category><![CDATA[rational expectations theory]]></category>

		<guid isPermaLink="false">http://chakravyuha.com/?p=497</guid>
		<description><![CDATA[The efficient-market  hypothesis, which states that the price of stocks and other financial assets accurately reflect all the available information about economic fundamentals. and, the rational-expectations theory, which posits that individuals and firms are hyper-intelligent decision-makers who have a correct model of the economy in their minds. [Source]: After the blowup, New Yorker, January 11, [...]]]></description>
		<wfw:commentRss>http://chakravyuha.com/2010/02/19/the-milton-friedman-orthodoxy/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Extended warranties are not worth it</title>
		<link>http://chakravyuha.com/2010/01/20/extended-warranties-are-not-worth-it/</link>
		<comments>http://chakravyuha.com/2010/01/20/extended-warranties-are-not-worth-it/#comments</comments>
		<pubDate>Thu, 21 Jan 2010 00:17:24 +0000</pubDate>
		<dc:creator>gaurav</dc:creator>
				<category><![CDATA[Economic]]></category>
		<category><![CDATA[Everything Else]]></category>
		<category><![CDATA[Opinion]]></category>

		<guid isPermaLink="false">http://chakravyuha.com/?p=507</guid>
		<description><![CDATA[A device is statistically going to either break down within a year of it&#8217;s operation or would break down after an &#8220;extended&#8221; period of time. You are covered by the manufacturer&#8217;s warranty for the first year and extended warranties would not cover you over a very long period anyway. If you put these two facts [...]]]></description>
		<wfw:commentRss>http://chakravyuha.com/2010/01/20/extended-warranties-are-not-worth-it/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Unchivalrous knights</title>
		<link>http://chakravyuha.com/2009/10/22/unchivalrous-knights/</link>
		<comments>http://chakravyuha.com/2009/10/22/unchivalrous-knights/#comments</comments>
		<pubDate>Thu, 22 Oct 2009 18:31:25 +0000</pubDate>
		<dc:creator>gaurav</dc:creator>
				<category><![CDATA[Economic]]></category>
		<category><![CDATA[medieval literature; high middle ages; chivalric literature; 12th centry; 13th century]]></category>

		<guid isPermaLink="false">http://chakravyuha.com/?p=457</guid>
		<description><![CDATA[We are all familiar with the Chivalric literature featuring popular characters like King Arthur and Lancelot &#8211; brave knights who are strong and moral, uphold virtue, save damsels in distress, and are overall awesome people. It turns out that the real medieval (circa. the high middle ages &#8211; 12th, 13th century) knights were nothing better [...]]]></description>
		<wfw:commentRss>http://chakravyuha.com/2009/10/22/unchivalrous-knights/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Catastrophic insurance is not going to work</title>
		<link>http://chakravyuha.com/2009/10/21/catastrophic-insurance-is-not-going-to-work/</link>
		<comments>http://chakravyuha.com/2009/10/21/catastrophic-insurance-is-not-going-to-work/#comments</comments>
		<pubDate>Wed, 21 Oct 2009 23:03:16 +0000</pubDate>
		<dc:creator>gaurav</dc:creator>
				<category><![CDATA[Economic]]></category>
		<category><![CDATA[Everything Else]]></category>
		<category><![CDATA[Opinion]]></category>
		<category><![CDATA[catastrophic insurance]]></category>
		<category><![CDATA[catastrophic insurance pro con]]></category>
		<category><![CDATA[health care debate]]></category>

		<guid isPermaLink="false">http://chakravyuha.com/?p=443</guid>
		<description><![CDATA[People do not have enough information to make health care choice. You cannot expect a person to shop around for a blood test lab or an MRI the same way a person shops for groceries. There is no dichotomy between catastrophic and other types of health conditions; one leads to the other, both for individuals, [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>Replacing the dollar with another reserve curreny</title>
		<link>http://chakravyuha.com/2009/10/20/replacing-the-dollar-with-another-reserve-curreny/</link>
		<comments>http://chakravyuha.com/2009/10/20/replacing-the-dollar-with-another-reserve-curreny/#comments</comments>
		<pubDate>Tue, 20 Oct 2009 15:54:03 +0000</pubDate>
		<dc:creator>gaurav</dc:creator>
				<category><![CDATA[Economic]]></category>
		<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://chakravyuha.com/?p=441</guid>
		<description><![CDATA[Here&#8217;s one reason why the Euro is not a viable alternative (emphasis mine). Among the greenback&#8217;s chief rivals, only the euro is widely held as a reserve currency, but it has some significant disadvantages relative to the dollar, including fractured debt markets and fiscal policies. [Source]: The Economist Blog]]></description>
		<wfw:commentRss>http://chakravyuha.com/2009/10/20/replacing-the-dollar-with-another-reserve-curreny/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>My health care premium</title>
		<link>http://chakravyuha.com/2009/10/16/my-health-care-premium/</link>
		<comments>http://chakravyuha.com/2009/10/16/my-health-care-premium/#comments</comments>
		<pubDate>Fri, 16 Oct 2009 15:57:46 +0000</pubDate>
		<dc:creator>gaurav</dc:creator>
				<category><![CDATA[Economic]]></category>
		<category><![CDATA[Opinion]]></category>
		<category><![CDATA[health care; halth care reform; ordinary citizen; premimum; finance committee]]></category>

		<guid isPermaLink="false">http://chakravyuha.com/?p=434</guid>
		<description><![CDATA[just went up by a whopping 18% for 2010. I am fortunate enough to be working for a decent sized company with a decent medical coverage and they will absorb about 13% of that. So I am facing a premium increase of a (still absurd) 5%. There will be some increase in the deductible limits [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>The list of reasons for financial crisis &#8211; Reasons For a Layman by a Layman</title>
		<link>http://chakravyuha.com/2009/07/03/understanding-the-financial-crisis-for-a-layman-by-a-layman/</link>
		<comments>http://chakravyuha.com/2009/07/03/understanding-the-financial-crisis-for-a-layman-by-a-layman/#comments</comments>
		<pubDate>Fri, 03 Jul 2009 17:09:14 +0000</pubDate>
		<dc:creator>gaurav</dc:creator>
				<category><![CDATA[Economic]]></category>
		<category><![CDATA[Opinion]]></category>
		<category><![CDATA[2008 financial crisis]]></category>
		<category><![CDATA[2009]]></category>
		<category><![CDATA[financial]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[global pool of money]]></category>
		<category><![CDATA[greenspan's put]]></category>
		<category><![CDATA[housing bubble]]></category>
		<category><![CDATA[understanding the financial crisis]]></category>

		<guid isPermaLink="false">http://chakravyuha.com/?p=407</guid>
		<description><![CDATA[My list of the reasons for the financial crisis is as follows: The Global Pool of Money &#8211; There was a global savings glut and the money was seeking the best returns to be found. Investment Banks Commercial Banks Glass-Steagall Act (and it&#8217;s Repeal) Community Re-Investment Act Greenspan&#8217;s Put The Housing Bubble and the Politics [...]]]></description>
		<wfw:commentRss>http://chakravyuha.com/2009/07/03/understanding-the-financial-crisis-for-a-layman-by-a-layman/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Daron Acemoglu on EconTalk on  02/08/2009.</title>
		<link>http://chakravyuha.com/2009/07/03/daron-acemoglu-on-econtalk-on-02082009/</link>
		<comments>http://chakravyuha.com/2009/07/03/daron-acemoglu-on-econtalk-on-02082009/#comments</comments>
		<pubDate>Fri, 03 Jul 2009 16:58:54 +0000</pubDate>
		<dc:creator>gaurav</dc:creator>
				<category><![CDATA[Economic]]></category>
		<category><![CDATA[Daron Acemoglu]]></category>
		<category><![CDATA[EconTalk]]></category>
		<category><![CDATA[Russ Roberts]]></category>

		<guid isPermaLink="false">http://chakravyuha.com/?p=398</guid>
		<description><![CDATA[The great moderation &#8211; It has been wrongly assumed that aggregate volatility declined in the US economy and other developed economics in the OECD and business cycles were conquered. Economics started believing that we mastered the crafts of monetary policy or new tech changed the way firms respond to demand changes or supply or production [...]]]></description>
		<wfw:commentRss>http://chakravyuha.com/2009/07/03/daron-acemoglu-on-econtalk-on-02082009/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Economics basics &#8211; Macroeconomics, Microeconomics &amp; Fiscal and Monetary Policy</title>
		<link>http://chakravyuha.com/2009/05/18/393/</link>
		<comments>http://chakravyuha.com/2009/05/18/393/#comments</comments>
		<pubDate>Mon, 18 May 2009 01:19:32 +0000</pubDate>
		<dc:creator>gaurav</dc:creator>
				<category><![CDATA[Economic]]></category>
		<category><![CDATA[basics of economics]]></category>
		<category><![CDATA[fiscal policy]]></category>
		<category><![CDATA[monetary policy]]></category>

		<guid isPermaLink="false">http://chakravyuha.com/?p=393</guid>
		<description><![CDATA[From Basic of Economics by David E O&#8217;Connor. Macroeconomics Microeconomics is the branch of economics that focuses on the inter- actions among the individual decision-making units within an economy &#8230; The most important partici- pants in the microeconomy are households, business firms, and the government. The private sector, or nongovernmental sector of the economy, consists [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>Economics thought of the day &#8211; 05/16/09</title>
		<link>http://chakravyuha.com/2009/05/16/economics-thought-of-the-day-051609/</link>
		<comments>http://chakravyuha.com/2009/05/16/economics-thought-of-the-day-051609/#comments</comments>
		<pubDate>Sat, 16 May 2009 21:59:51 +0000</pubDate>
		<dc:creator>gaurav</dc:creator>
				<category><![CDATA[Economic]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[keynes]]></category>
		<category><![CDATA[marx]]></category>

		<guid isPermaLink="false">http://chakravyuha.com/?p=389</guid>
		<description><![CDATA[Stefan Collignon in the journal Social Europe. Since World War II, three paradigms have dominated political and economic thinking in the world. In the East, Marxism rejected markets and democracy; in the West, Keynesianism laid the foundations for social democracy and political liberalism, while Friedman’s counter-revolution developed a neoliberal ideology from the theories of monetarism.]]></description>
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