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  <NewsItem contentIssues="false" id="61230" important="false" url="https://dev.my.umbc.edu/posts/61230">
    <Title>SDS will utilize new online registration system in Fall 2016</Title>
    <Body>
      <![CDATA[
          <div class="html-content">The Office of Student Disability Services will begin using a new online system called Accommodate for disability service registration and accommodation requests starting in Fall 2016. </div>
      ]]>
    </Body>
    <Summary>The Office of Student Disability Services will begin using a new online system called Accommodate for disability service registration and accommodation requests starting in Fall 2016. </Summary>
    <Website>http://sds.umbc.edu</Website>
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    <Sponsor>Office of Student Disability Services</Sponsor>
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    <PostedAt>Thu, 28 Jul 2016 14:24:55 -0400</PostedAt>
  </NewsItem>
  <NewsItem contentIssues="true" id="61227" important="false" url="https://dev.my.umbc.edu/posts/61227">
    <Title>FA2016 Courses Created in Blackboard on 7/27/2016</Title>
    <Body>
      <![CDATA[
          <div class="html-content"><span><p><span>Blackboard course shells for FA2016 <a href="https://wiki.umbc.edu/x/eYHGAw" rel="nofollow external" class="bo">were created</a> on July 27, 2016.</span></p><p><span>Bb shells are available for all courses (designated as lecture, lab, field or discussion) listed in the </span><a href="http://my.umbc.edu/go/schedule" rel="nofollow external" class="bo"><span>UMBC Schedule of Classes (SOC)</span></a><span>, provided that there is an </span><a href="http://www.umbc.edu/blogs/oit-news/archives/2010/08/how_new_employe_1.html" rel="nofollow external" class="bo"><span>instructor of record</span></a><span> listed. As new course sections and/or instructors are added to the SOC, corresponding Bb shells are automatically generated overnight. If you need a shell for a research or independent study course, please submit a </span><a href="http://www.umbc.edu/doit/blackboard/requestbbshell.html" rel="nofollow external" class="bo"><span>new course request</span></a><span>.</span></p><p><span>Instructors who teach multiple sections of the same course will find those enrollments merged into one Bb course shell. These sections can be split upon </span><a href="https://my.umbc.edu/go/request-help" rel="nofollow external" class="bo"><span>request by an RT ticket</span></a><span>. Student enrollment in Bb mirrors the official registration in SA and updates hourly. However, courses are not accessible to students by default until the instructor </span><a href="https://wiki.umbc.edu/pages/viewpage.action?pageId=1867862" rel="nofollow external" class="bo"><span>makes them available</span></a><span>.</span></p><p><span>If you are an instructor, and your name is not associated with the course you are teaching in the </span><a href="http://my.umbc.edu/go/schedule" rel="nofollow external" class="bo"><span>SOC</span></a><span>, please see your departmental scheduling coordinator to resolve the issue. Once you are listed in the </span><a href="https://my.umbc.edu/go/schedule" rel="nofollow external" class="bo"><span>SOC</span></a><span>, your Bb course shell will be created automatically. If not, please submit a </span><a href="https://my.umbc.edu/go/request-help" rel="nofollow external" class="bo"><span>support request by an RT ticket</span></a><span>.</span></p></span></div>
      ]]>
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    <Summary>Blackboard course shells for FA2016 were created on July 27, 2016.  Bb shells are available for all courses (designated as lecture, lab, field or discussion) listed in the UMBC Schedule of Classes...</Summary>
    <Website>http://my.umbc.edu/groups/bbannouncements/posts/61227/</Website>
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    <Tag>blackboard</Tag>
    <Tag>course-creation</Tag>
    <Tag>fall</Tag>
    <Group token="bbannouncements">Blackboard Announcements</Group>
    <GroupUrl>https://dev.my.umbc.edu/groups/bbannouncements</GroupUrl>
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    <Sponsor>Blackboard Announcements</Sponsor>
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    <PostedAt>Thu, 28 Jul 2016 13:40:29 -0400</PostedAt>
  </NewsItem>
  <NewsItem contentIssues="false" id="61228" important="false" url="https://dev.my.umbc.edu/posts/61228">
  <Title>Single Carrot Theatre Seeks Stage Manager</Title>
  <Body>
    <![CDATA[
    <div class="html-content"><p>Single Carrot Theatre seeks a qualified Stage Manager for our upcoming production of Savage Love by Sam Shepard and Joseph Chaikin. Stage Managers are responsible for attending and managing all rehearsals, tech rehearsals, and performances, prep and clean up, detailed and clear note-taking, overseeing storage and upkeep of all rehearsal props and costumes, production paperwork, maintaining the integrity of a production through its run, and overseeing and delegating to assistant stage managers.</p></div>
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  </Body>
  <Summary>Single Carrot Theatre seeks a qualified Stage Manager for our upcoming production of Savage Love by Sam Shepard and Joseph Chaikin. Stage Managers are responsible for attending and managing all...</Summary>
  <Website>http://www.baltimoreculture.org/programs/jobsplus/10707</Website>
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  <Tag>alliance</Tag>
  <Tag>arts</Tag>
  <Tag>baltimore</Tag>
  <Tag>cultural</Tag>
  <Tag>culture</Tag>
  <Tag>greater</Tag>
  <Tag>jobs</Tag>
  <Tag>museum</Tag>
  <Tag>nonprofit</Tag>
  <Tag>opportunities</Tag>
  <Tag>organizations</Tag>
  <Tag>positions</Tag>
  <Tag>production</Tag>
  <Tag>studies</Tag>
  <Tag>theater</Tag>
  <Group token="museumpractice">Museum Practice</Group>
  <GroupUrl>https://dev.my.umbc.edu/groups/museumpractice</GroupUrl>
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  <Sponsor>Museum Practice</Sponsor>
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  <PostedAt>Thu, 28 Jul 2016 13:39:26 -0400</PostedAt>
</NewsItem>
  <NewsItem contentIssues="false" id="61224" important="false" url="https://dev.my.umbc.edu/posts/61224">
  <Title>Keynes-Fisher Macroeconomics: the Failure of 'New' Economics</Title>
  <Tagline>A Gentle Introduction to Unqualified Reservations</Tagline>
  <Body>
    <![CDATA[
    <div class="html-content">"<blockquote><span>KFM: Keynes-Fisher macroeconomics<br><br></span></blockquote>It
     is almost embarrassingly easy to debunk 20th-century macroeconomics.  
    Indeed, by failing to predict yet another vast cataclysm, one might 
    think the field had met its end.<br><br>And indeed when we see mainstream articles with names like <a href="http://www.thedailybeast.com/blogs-and-stories/2009-01-08/how-the-entire-economics-profession-failed/full/" rel="nofollow external" class="bo">"How the Entire Economics Profession Failed"</a>,
     we might seduce ourselves into the pleasant, Candidean belief that the 
    "entire economics profession" was ready to resign its sinecures, and 
    seek new employment in the lawn-care industry.  Ah, if only.  <a href="http://www.nakedcapitalism.com/2009/01/why-so-little-self-recrimination-among.html" rel="nofollow external" class="bo">Yves Smith</a> has links to a couple more pieces in this vein.  Alas, they are all equally clueless.<br><br>For
     example, it is remarkably easy for Professor Madrick (above) to escape 
    from the titanic disaster he seems to describe.  Not counting Marxists, 
    there are three significant schools of economic thought today: one 
    founded by <a href="http://mises.org/etexts/keynestheman.pdf" rel="nofollow external" class="bo">Lord Keynes</a> and revitalized by <a href="http://en.wikipedia.org/wiki/Paul_Samuelson" rel="nofollow external" class="bo">Paul Samuelson</a> (also known as "economics"), one founded by <a href="http://en.wikipedia.org/wiki/Irving_Fisher" rel="nofollow external" class="bo">Irving Fisher</a> and revitalized by <a href="http://en.wikipedia.org/wiki/Milton_Friedman" rel="nofollow external" class="bo">Milton Friedman</a> (also known as the Chicago School), and one founded by <a href="http://en.wikipedia.org/wiki/Ludwig_von_Mises" rel="nofollow external" class="bo">Ludwig von Mises</a> and revitalized by <a href="http://en.wikipedia.org/wiki/Rothbard" rel="nofollow external" class="bo">Murray Rothbard</a> (also known as the Austrian School).<br><br>As
     a rough guess, there are ten Keynesian professors for every Fisherite, 
    and twenty Fisherites for every Misesian.  Only Keynesians and 
    Fisherites have an influence on public policy today.  And, if you read 
    Professor Madrick's article, he is a Keynesian and not interested in 
    quitting his job at all.  Oh, no.  What he turns out to mean is that <span>monetarist</span>
     (ie, Fisherite) economics has failed.  What appears to be a mea culpa 
    is simply a dishonest attack on the competition, rendered in the same 
    sneering, Stalinist tone we have just seen in our AGW section, by a 
    bureaucrat whose resume makes him sound exactly like the Joe Romm of 
    economics.  (If nothing else, dear reader, you now know what it sounds 
    like when power is spoken to truth.)<br><br>You may ask: why is it that 
    Misesian economics has no influence on government policy?  There are 
    many ways to divide the profession (and I'm sure some would quibble with
     the classification above), but there is one simple division: we can 
    divide economics into <span>orthodox economics</span> and <span>new economics</span>.  Keynes and Fisher are <span>new economics</span>.  Mises is <span>orthodox economics</span>.<br><br>These terms may seem a little strange.  Why is <span>new economics</span>, which dates to the '20s, mainstream, and <span>orthodox economics</span>
     - which also dates to the '20s - shunned?  And from the tone that the 
    Keynesians and monetarists use to describe Austrians - when they deign 
    to describe them at all, which isn't often, you'd think orthodoxy was 
    the other way around.<br><br>But in fact, I am using the term <span>orthodox</span> in much the same way as Keynes himself.  As anyone who has read Hazlitt's essential <a href="http://www.mises.org/books/failureofneweconomics.pdf" rel="nofollow external" class="bo">Failure of the New Economics</a> [book-length PDF] knows, the Baron was anything but a precise thinker, but he generally uses the term <span>orthodox</span>
     to describe 19th-century or at least pre-WWI economics.  This certainly
     would include Mises, whose school is the only real 20th-century 
    survival of anything like what Victorians called economics.<br><br>I have a very simple, precise definition of <span>orthodox</span> and <span>new</span>, which matches Keynes' usage and seems reasonably serviceable to me.  Let's say an <span>orthodox economist</span>
     is an economist who believes that any supply of money is adequate, and 
    the money supply should be either fixed or bound to a commodity whose 
    supply is very difficult to expand, such as gold.  A <span>new economist</span>
     is a believer in an "elastic currency": he believes that the amount of 
    money in a country should expand as the country "grows."  Typically this
     involves a belief in paper money.<br><br>By this definition, it is 
    indeed the new economics (of Keynes and Fisher) which has failed.  It 
    has failed totally and completely, it is morally and intellectually 
    bankrupt, it has inflicted vast suffering on humanity, and if there was 
    any justice its acolytes would be packing their bags one jump ahead of 
    the law.  They're not, of course.<br><br>When we remember that the world did, in fact, exist before 1914, we find it quite easy to justify the term <span>new economics</span>.  Returning to our favorite <a href="http://www.historians.org/info/AHA_History/cfadams.htm" rel="nofollow external" class="bo">Charles Francis Adams essay</a>, for instance, we find the following trenchant passage:<br><blockquote>The
     currency debate presented three distinct phases: first, the 
    proposition, broached in 1867, known as the greenback theory, under 
    which the interest-bearing bonds of the United States, issued during the
     Rebellion, were to be paid at maturity in United States legal tender 
    notes, bearing no interest at all. This somewhat amazing proposition was
     speedily disposed of; for, early in 1869, an act was passed declaring 
    the bonds payable "in coin." But, as was sure to be the case, the 
    so-called "Fiat Money" delusion had obtained a firm lodgment in the 
    minds of a large part of the community, and to drive it out was the work
     of time. It assumed, too, all sorts of aspects. Dispelled in one form, 
    it appeared in another. When, for instance, the act of 1860 settled the 
    question as respects the redemption of the bonds, the financial crisis 
    of 1873 re-opened it by creating an almost irresistible popular demand 
    for a government paper currency as a permanent substitute for specie.</blockquote>This
     passage was written in 1901.  Note Adams' perception of the paper-money
     advocates: they are insane, demagogic monetary cranks.  Curiously 
    enough, this is exactly how the responsible mainstream intellectual of 
    today regards a Misesian, or any other gold-standard advocate.<br><br>Isn't
     this an interesting reversal?  Doesn't it remind you slightly of our 
    last case?  Remember how the AGW promoters, shepherding a pseudoscience 
    which has become mainstream, are so eager to dismiss their critics as 
    pseudoscientists.  These reversals happen for a reason: if you are a 
    quack, quackery is what you know, so the obvious way to dismiss your 
    critics is to label them as quacks.  The approach is especially 
    attractive for the mainstream quack, who knows that faced with a pair of
     arguing experts, each of whom claims the other to be a quack, most 
    spectators will pick the one who has wormed his way into the most 
    prestigious position.<br><br>Thus we have our hypothesis already: the 
    "Fiat Money delusion" somehow worked its way into the mainstream, 
    displacing the old, orthodox "hard money" economics.  Since it is clear 
    that, 75 years or so later, <span>some</span>
     school of economics has failed, and since hard-money economics has been
     long displaced from the temples of power, the simple answer seems 
    clear.  Now, let's try to understand it.<br><br>First, both the Keynes and Fisher schools are what a Misesian would call <span>inflationist</span>.
      (Adams would probably use the same word, too.)  That is: they believe 
    that expanding or otherwise debasing the currency is on some or all 
    occasions beneficial to the health of the State.  Again, we note the 
    accuracy of our terms: before the 20th century, in both European and 
    Greco-Roman times, monetary debasement was considered the pathetic act 
    of a sick, decaying polity.<br><br>We can separate the Keynes and Fisher
     schools based on their preferred vehicles for inflation.  Keynesians 
    think governments should inflate the money supply through deficit 
    spending - the "stimulus" we have grown to love so dearly.  Fisherites 
    think the best way to inflate the money supply is by fixing interest 
    rates, a policy sometimes known as "easy" or "cheap" money.  I'm afraid 
    that, with <a href="http://en.wikipedia.org/wiki/Zero_interest_rate_policy" rel="nofollow external" class="bo">AmeriZIRP</a>
     in full swing, the Keynesians have rather the best of it.  Perhaps we 
    can give Professor Madrick credit for being right about that.<br><br>So 
    the "new economics" does, after all, live up to its name.  It is a 
    product of the 1920s and '30s, when Britain discovered that her World 
    War I debts would not allow her to stay on the classical gold standard 
    that she once had established - at least, not at the now-overvalued 
    prewar parity.  There was too much paper and not enough gold.  The 
    failure cascaded, the world switched to paper money, and a new economics
     was needed.  Under which "going off gold" was not a failure at all, but
     in fact a step into a brighter new world.<br><br>Who was right?  Was 
    the end of the classical gold standard a disaster?  Or were the old 
    orthodox economists just a bunch of no-fun fuddy-duddies, who didn't get
     it at all?  And if so, how did they metamorphose from fuddy-duddies 
    into nutball cranks?<br><br>First, it's easy for us to dismiss the 
    inflationists on logical grounds.  Inflationism simply cannot be right. 
     It violates logic.  Nothing can violate logic.<br><br>Second, an 
    orthodox economist need not be a goldbug.  The difference between paper 
    and gold, as monetary goods, is immaterial.  People hold money to defer 
    consumption into the future, not for the industrial qualities of the 
    money itself.  Gold makes a good monetary system not because gold is 
    "intrinsically" valuable in some sense, but because the supply is 
    strictly limited.  Ideally, there would be no new gold mining at all.  
    And we can duplicate this effect with paper money, by issuing a certain 
    number of notes and double-promising not to issue any more.  (The 
    advantage of gold is that the promise is a lot more credible.)<br><br>Rather,
     the difference is between a hard or inelastic currency, and a soft or 
    "elastic" one.  The former cannot be inflated; the latter can.  An ideal
     hard currency has no new supply.<br><br>The key fact about money is 
    that what matters to you is not how much money you have, but what 
    fraction of the total money supply you have.  It is the latter than 
    determines your power to exchange money for other goods, in competition 
    with present moneyholders.  Eg: if, following Hume's Archangel Gabriel, 
    we turn every dollar into two dollars (being careful to adjust debts as 
    well), we have changed nothing.<br><br>Even simple inflation - printing 
    money and spending it, Keynesian style - can be emulated with an ideal 
    hard currency.  To "print" new money in this currency, simply confiscate
     it pro rata from all present holders of the currency.  Eg, if you want 
    to print 1/100th the present money supply, find every dollar in the 
    world, pay its owner 99 cents, and use the leftover pennies to fund your
     plan.<br><br>The effect of this policy is precisely the same as that of
     inflating an elastic currency, although the elastic implementation is 
    much more straightforward.  Perhaps this is the advantage of elasticity.
      But it avoids the critical question, which is <span>why</span>
     we'd want to do this in the first place.  Oddly enough, although we 
    know they are semantically identical, the inflation option seems much 
    more fair and reasonable.  Oddly, too, even Adams seems to acknowledge 
    that, although an elastic currency may be pernicious, it is desired by 
    many.<br><br>Keynes and Fisher did not propose inflation as an 
    all-purpose stimulant for general fun.  They proposed it as a cure for 
    economic recessions and depressions, which were certainly in no short 
    supply at the time.  We are entering a recession or depression now, so 
    it seems wise to revisit the issue.  Is cocaine a good remedy for 
    depression?  Why do so many people want to inflate?<br><br>Again, the 
    answer is easy.  What we see in a recession or depression is a drop in 
    consumer spending.  Since spending is the flip side of production, we 
    can think of the GDP (the sum of the prices of all goods and services 
    sold by businesses to consumers) for any country as the amount of money 
    spent on that country's goods and services.  If that number falls by, 
    say, 5%, the average business in the country has produced 5% too many 
    goods and services.<br><br>Obviously, this is quite painful.  And it also gives rise to calls for inflation - or, to use a more precise term, <span>monetary dilution</span>.
      There is an easy way to correct the situation to our business's 
    satisfaction: print 5% more money, and spend it on goods and services.  
    Hence the "stimulus."<br><br>If we switch back to hard-currency mode and
     look at what we're doing, it is even weirder.  In order to prop up 
    consumer demand, we steal one nickel from every holder of a dollar, add 
    it all up, and spend it on goods which we throw away.  Is this healthy? 
     Keynes thought it was.<br><br>Basically, the way to perceive the "new 
    economics" is in exactly the same way that Adams perceived it: not a 
    sane government policy, but a response to pressure groups.  Fortunately 
    or unfortunately, those pressures were a lot stronger after WWI than 
    before it, and sound money went the way of the dodo.  So, for example, 
    our pressure group here is the business owner.  Farmers in debt also 
    tend to do quite well with inflation.  But, again: any monetary 
    debasement can be modeled as a monetary transfer.<br><br>As in the case 
    of AGW, we ended up with "new economics" because that was what 
    Washington wanted to hear.  The case is the same today: Barack Obama's 
    "stimulus" proposal involves <span>doubling</span>
     Federal discretionary spending, ie everyone's budget.  Obviously, this 
    makes quite a few people very happy.  And it probably spreads the loot 
    around a little better than if we were just to give it all, up front, to
     Tony Rezko.<br><br>Hence the death of orthodox economics.  The orthodox
     economists of the 19th century, the believers in sound money, were not 
    in general policymakers.  They viewed their task as one of describing 
    the economy, not controlling it.  But in the '20s and '30s, when 
    university men started to move into government, politically palatable 
    solutions were needed.  The Austrians and other orthodox historians had 
    nothing of the sort.  So they were left out of the pie when all the 
    power got distributed, and today they have no government jobs and only a
     few marginal academic ones.<br><br>What at least the Austrians had, 
    however, was an accurate understanding of the disease that the 
    Keynesians and Fisherites were trying to treat - the pattern of repeated
     booms and busts.  The "new economists" called it the "business cycle," a
     term implying some endogenous origin in the commercial community - 
    which, coincidentally or not, tended to align with Harding and Coolidge 
    rather than Hoover and FDR.  Bankers and economists tend to be more 
    left-wing.<br><br>"Business cycle" is an extremely misleading phrase.  A better phrase would be <span>banking cycle</span>.  As I discussed <a href="http://unqualified-reservations.blogspot.com/2008/10/misesian-explanation-of-bank-crisis.html" rel="nofollow external" class="bo">here</a>,
     the cause of the recurrent panics and collapses is a bad accounting 
    practice in the Anglo-American banking system, generally known as <span>maturity mismatching</span>.<br><br>A
     maturity-mismatched bank, which is any bank today, writes promises of 
    money it doesn't have - yet.  It "borrows short and lends long," 
    balancing short-term liabilities (such as checking deposits, whose term 
    is zero, as they can be withdrawn at any time) with long-term assets 
    (such as mortgages paid over 30 years).  Sometimes appearances can be 
    deceiving.  Sometimes something that sounds like a bad idea is actually 
    just a bad idea.<br><br>Without going into too much detail, suffice it 
    to say: while a maturity-mismatch structure is not quite the same thing 
    as a Ponzi scheme, they both have a tendency to collapse 
    catastrophically in a cloud of dust, leaving investors with a lot less 
    money than they thought they had.  Effectively, maturity mismatching 
    lets banks teleport money from the future into the present.  What's bad 
    is that this is inflationary, and what's worse is that - when the scheme
     collapses - the inflation reverses.  This creates your recessions, 
    depressions, etc.<br><br>So we now have a perfect understanding of the 
    origins of Fisher-Keynes inflationism.  It exists not because it makes 
    sense but because politicians desire it.  Politicians desire it as a 
    palliative for the deflationary conditions of a maturity crisis (or any 
    other crash).  In the 19th century, such crashes were often described as
     "shortages of money" (meaning shortages of present money).  And 
    printing will certainly solve that.<br><br>It's important to note that 
    while maturity-mismatch inflation has a reverse gear, and so do the 
    open-market operations used for Fisherite monetary policy  (these can 
    either create money or retire money), Keynesian spending does not.  This
     is a pattern that leads to long-term monetary decay: first, maturity 
    mismatching inflates the economy and creates a huge amount of debt; 
    second, a maturity crisis triggers a panic, the debt goes bad, and the 
    country enters depression; and third, massive doses of Keynesian heroin 
    are injected into its aorta, waking it up.  Sadly, it will need more 
    heroin tomorrow - and so on.<br><br>What a sane and healthy government tries to avoid is <span>inflation dependency</span>.
      This addiction is a state in which a substantial percentage of 
    consumer spending originates in newly printed or lent money.  For 
    example, before the real-estate crash, about 5% of US GDP was 
    home-equity withdrawals - money teleported out of the future, and into 
    thin air.  Most banks have stopped providing this service, leaving a 
    mortgage-equity-withdrawal-shaped hole in US GDP.  But President Obama 
    will fix it, of course, with his wonderful stimulus.<br><br>We start to 
    see how appalling the Keynesian stimulus is.  First, it replaces one 
    addiction - the vanished "home ATM" - with a new one, Federal money.  
    Second, budgets in Washington do not get cut, at least not routinely.  
    The stimulus will be permanent, which means we've replaced one addiction
     with another.<br><br>And third, when we do this, we shift a substantial
     percentage of private economic activity into the hands of Washington's 
    finest, who never turn down either money or power.  It is probably a 
    coincidence that the inauguration of The One coincides with the 
    Congressional murder of America's <a href="http://www.handmadetoyalliance.org/" rel="nofollow external" class="bo">handmade toy industry</a> (thanks, Ralph Nader - no, really).  But it is a bit symbolic.  We are heading for Brezhnev faster than most of us think.<br><br>At
     a higher level, both monetary policy and Keynesian stimulus pretend to 
    be cures for the banking cycle.  Neither claims to understand it at all,
     but both have been promising to eliminate it for the last 75 years.  
    This has not happened, of course.  The remedies are <span>palliatives</span>
     for the destructive effects of the collapses, but this is like taking 
    cocaine for your strep throat.  What it really needs is a <span>specific</span> cure, ie, antibiotics.<br><br>To
     end the banking cycle permanently, our existing structures of long-term
     debt which back short-term liabilities need to be restructured.  One 
    way to do this is the classic Austrian approach: let everything 
    collapse.  If we were actually on the gold standard, this might well be 
    our only option - but we're not.  It is much easier to transition to a 
    fixed-supply fiat currency, which is in fact harder than gold (because 
    there is no new production at all).<br><br>Basically, the only painless,
     specific, and lasting way out of the banking cycle is to purchase all 
    financial assets with freshly-issued dollars, then sell the assets and 
    destroy the dollars paid for them, and start lending back up with new 
    banks and maturity-matched accounting.  This is a full reboot of the 
    financial system.  Accept no substitutes.  Yes, it involves some 
    inflation, but the inflation is (a) one-time, and (b) pointed at the 
    actual problem.<br><br>Once again, this is not going to happen - despite
     the fact that it should be obvious.  There is simply no power in the 
    world, not even obviousness, that can displace our present economics 
    faculty, or dislodge them from their lock on policy.<br><br>They have 
    tenure, after all.  They're scientists, which means that if you oppose 
    them you're an ASS.  And they will remain in power until someone drives a
     tank or two into Harvard Yard - which, come to think of it, doesn't 
    sound like such a bad idea at all.<br><br>"<br><br><a href="http://unqualified-reservations.blogspot.com/2009/01/gentle-introduction-to-unqualified_22.html">http://unqualified-reservations.blogspot.com/2009/01/gentle-introduction-to-unqualified_22.html</a><br></div>
]]>
  </Body>
  <Summary>" KFM: Keynes-Fisher macroeconomics   It  is almost embarrassingly easy to debunk 20th-century macroeconomics.   Indeed, by failing to predict yet another vast cataclysm, one might  think the...</Summary>
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  <PostedAt>Thu, 28 Jul 2016 11:40:24 -0400</PostedAt>
  <EditAt>Thu, 28 Jul 2016 11:41:51 -0400</EditAt>
</NewsItem>
  <NewsItem contentIssues="false" id="61223" important="false" url="https://dev.my.umbc.edu/posts/61223">
    <Title>Need Female Roommate for Townhome</Title>
    <Tagline>5-minute walk from campus</Tagline>
    <Body>
      <![CDATA[
          <div class="html-content">Full bedroom, private bathroom with kitchen basement available for renting around mid-august. Please email <a href="mailto:jsk367581@gmail.com">jsk367581@gmail.com</a> for more details. </div>
      ]]>
    </Body>
    <Summary>Full bedroom, private bathroom with kitchen basement available for renting around mid-august. Please email jsk367581@gmail.com for more details. </Summary>
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    <PostedAt>Thu, 28 Jul 2016 11:34:50 -0400</PostedAt>
  </NewsItem>
  <NewsItem contentIssues="true" id="60562" important="false" url="https://dev.my.umbc.edu/posts/60562">
  <Title>Archives Gold #42: 50 Objects for UMBC's 50th</Title>
  <Tagline>SGA Legislation on Mural in Student Organization Area</Tagline>
  <Body>
    <![CDATA[
    <div class="html-content">Special Collections continues our archival project <strong>Archives Gold: 50 Objects for UMBC's 50th</strong>, a special series showcasing 50 different objects that tell the story of UMBC. This week we present a piece of SGA legislation detailing the unveiling of a mural in the student organization area in 2005. <div><br></div><div><img src="http://library.umbc.edu/speccoll/img/AG_42a.jpg" style="max-width: 100%; height: auto;"></div><div><br></div><div><em>SGA Legislation on Mural in Student Organization Area, September 12, 2005. University Senate Records, Collection 52, Box 31, Folder 13. University Archives, Special Collections, University of Maryland, Baltimore County (Baltimore, MD) </em></div><div><br></div><div>In early 2005, the Student Organization Space, located on the second floor of the Commons, was renovated. The space had previously consisted of bulky tables, chairs, and small, separated desks which prevented easily communication. After complaints from students about the unproductive and uninviting environment, the SGA made plans to sponsor and organize new renovations of the space including new long meeting tables, comfy movable chairs, and an overall more open and inviting environment for students to study, meet, and eat. <span>In September of 2005, the Visual Arts Council of Majors added a mural to the space which depicts the various UMBC student organizations in cartoon form. </span></div><div><br></div><div><img src="http://library.umbc.edu/speccoll/img/AG_42b.jpg" style="max-width: 100%; height: auto;"></div><div><br></div><div>Learn More: </div><div>-<a href="http://lib.guides.umbc.edu/umbchistory" rel="nofollow external" class="bo">History of UMBC Research Guide </a></div><div>-<a href="http://library.umbc.edu/speccoll/umbc.php" rel="nofollow external" class="bo">University Archives Webpage </a></div><div>-<a href="http://contentdm.ad.umbc.edu/cdm/ref/collection/Retriever/id/2301" rel="nofollow external" class="bo">Article in <em>The Retriever</em> (Volume 39, Issue 16) entitled "Student Organization Space Gets Facelift from SGA"</a></div><div>-<a href="http://cocreateumbc.blogspot.com/2009/10/creating-umbcs-student-organizations.html" rel="nofollow external" class="bo">UMBC Co-Create Blog "Creating UMBC's Student Organization Space"</a> </div><div>-<a href="http://cocreateumbc.blogspot.com/2009/10/story-behind-student-orgs-space-mural.html" rel="nofollow external" class="bo">UMBC Co-Create Blog "The Story Behind the Student Orgs Space Mural" </a></div><div><br></div><div>View All: <a href="http://my.umbc.edu/groups/library/posts?tag=archives-gold" rel="nofollow external" class="bo">http://my.umbc.edu/groups/library/posts?tag=archives-gold</a></div></div>
]]>
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  <Summary>Special Collections continues our archival project Archives Gold: 50 Objects for UMBC's 50th, a special series showcasing 50 different objects that tell the story of UMBC. This week we present a...</Summary>
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  <PostedAt>Thu, 28 Jul 2016 11:27:49 -0400</PostedAt>
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  <NewsItem contentIssues="true" id="61221" important="false" url="https://dev.my.umbc.edu/posts/61221">
  <Title>UMBC Faculty visit Carderock Naval Surface Warfare Center</Title>
  <Body>
    <![CDATA[
    <div class="html-content">July 27, 2016 by <a href="http://research.umbc.edu/" rel="nofollow external" class="bo">Office of the Vice President for Research</a><br><br>On Wednesday, July 20th, a group of professors from UMBC visited 
    the Carderock Naval Surface Warfare Center to discuss research 
    collaborations in additive manufacturing and in cybersecurity.<div><br></div><div>Carderock
     is located in Potomac, Maryland and consists of more than three 
    thousand Navy researchers focused on research areas including:</div><div><ul><li><span>Environmental Quality Systems;</span></li><li><span>Hull Forms &amp; Propulsors;</span></li><li><span>Ship Design &amp; Integration;</span></li><li><span>Signatures,</span></li><li><span>Silencing Systems,</span></li><li><span>Structures and Materials;</span></li><li><span>Susceptibility.</span></li></ul><div>Carerock
     is home to unique testing facilities which align with the research 
    goals of many members of the UMBC community. Participating in the visit 
    were professors from the Department of Information Systems (IS), 
    Department of Physics, Department of Mechanical Engineering (ME), and 
    Department of Computer Science and Electrical Engineering (CSEE), 
    including (<span>from </span><span>left to right)</span><span> </span><span>Zhiyuan Chen (IS), Don Engel (Asst. VP for Research</span><span>, CSEE</span><span>, Physics), </span><span>Mark Henriksen (Physics), </span><span>Anupam Joshi (CSEE), </span><span>Dhananjay Phatak (CSEE),</span><span> </span><span>Ryan Robucci (CSEE), </span><span>Sue Plitt (Career Services), </span><span>Chuck Eggleton (ME), </span><span>Mohamed Younis (CSEE), and Karl Steiner (VP for Research, ME), as well as Soobum Lee (ME, not pictured).</span></div></div><div><span><br></span></div><div><img src="http://my.umbc.edu/groups/research/posts/61214/attachments/21032" style="max-width: 100%; height: auto;"></div></div>
]]>
  </Body>
  <Summary>July 27, 2016 by Office of the Vice President for Research  On Wednesday, July 20th, a group of professors from UMBC visited  the Carderock Naval Surface Warfare Center to discuss research...</Summary>
  <Website>http://research.umbc.edu/umbc-research-news/?id=61214</Website>
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  <NewsItem contentIssues="false" id="61218" important="false" url="https://dev.my.umbc.edu/posts/61218">
    <Title>Currently looking for a  female roommate</Title>
    <Body>
      <![CDATA[
          <div class="html-content">Currently looking for a female roommate. It is a three bedroom apartment located 5mins away from UMBC. It would be around $460 month. We are hoping to move in by Aug 10. For more information please contact <a href="mailto:sokh2@umbc.edu">sokh2@umbc.edu</a> </div>
      ]]>
    </Body>
    <Summary>Currently looking for a female roommate. It is a three bedroom apartment located 5mins away from UMBC. It would be around $460 month. We are hoping to move in by Aug 10. For more information...</Summary>
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    <PostedAt>Wed, 27 Jul 2016 22:52:56 -0400</PostedAt>
    <EditAt>Wed, 27 Jul 2016 22:56:50 -0400</EditAt>
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  <NewsItem contentIssues="false" id="61217" important="false" url="https://dev.my.umbc.edu/posts/61217">
  <Title>Room w/ full bath available in quiet area of Baltimore City!</Title>
  <Tagline>Chill roommate wanted!</Tagline>
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    <div class="html-content"><br><div><br></div><div><span>Hello possible future tenant! (<a href="http://baltimore.craigslist.org/roo/5702707068.html" rel="nofollow external" class="bo">click here for link with pics</a>)</span><br><br><span>My boyfriend and I (female) live in a row home in a pretty quite area of Pigtown. If you don't know Pigtown, it is a chill area, parking is as easy as it comes in a city (never have to park more than a block away); there is coffee shop, liquor store &amp; bar 3-4 blocks away. About .8 of a mile from harbor and a couple of blocks from the college. We can hear the Orioles &amp; Ravens fans cheer =]</span><br><br><span>We are looking for a chill individual to occupy the third floor of our home (we occupy the second floor). It consists of a large living area, closet, an extra area that could be an office (old roomie converted it to a closet), and a full bath. We have a furnished living room, dining room &amp; kitchen along with a a backyard that leads to a dog park. There is a washer and dryer in the basement.</span><br><br><span>My boyfriend and I are pretty low key on the weekdays, but enjoy a few beers on the weekend. We travel a fair bit on the weekends as well. We like to work, work out, cook &amp; watch Game of Thrones. </span><br><br><span>The space is available for $780. Feel free to contact me with any questions!! Lease begins beginning of September &amp; utilities are not included.</span></div><div><span><br></span></div><div><span>Contact me via email at <a href="mailto:ecglessner@gmail.com">ecglessner@gmail.com</a></span></div></div>
]]>
  </Body>
  <Summary>Hello possible future tenant! (click here for link with pics)  My boyfriend and I (female) live in a row home in a pretty quite area of Pigtown. If you don't know Pigtown, it is a chill area,...</Summary>
  <Website>http://baltimore.craigslist.org/roo/5702707068.html</Website>
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  <PostedAt>Wed, 27 Jul 2016 17:18:43 -0400</PostedAt>
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  <NewsItem contentIssues="false" id="61216" important="false" url="https://dev.my.umbc.edu/posts/61216">
    <Title>How I got a grip and solved an expensive problem</Title>
    <Tagline>Baltimore Business Journal - Subscriber Content</Tagline>
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          <div class="html-content"><h1>How I got a grip and solved an expensive problem</h1><div><br></div><div><p><span><strong>Camille Harrison</strong></span><span><br></span><span>Intern</span><span><em><br></em></span><span><em>Baltimore Business Journal</em></span></p><h6><p><span><em><br></em></span></p><p><span>Engineers from the University of Maryland helped this former football player add stick to athletic gloves.</span></p><p><span><br></span></p><p><span><a href="http://www.bizjournals.com/baltimore/news/2016/07/13/how-i-got-a-grip-and-solved-an-expensive-problem.html">http://www.bizjournals.com/baltimore/news/2016/07/13/how-i-got-a-grip-and-solved-an-expensive-problem.html</a></span></p></h6></div></div>
      ]]>
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    <Summary>How I got a grip and solved an expensive problem      Camille Harrison Intern Baltimore Business Journal      Engineers from the University of Maryland helped this former football player add stick...</Summary>
    <Website>http://www.bizjournals.com/baltimore/news/2016/07/13/how-i-got-a-grip-and-solved-an-expensive-problem.html</Website>
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    <PostedAt>Wed, 27 Jul 2016 15:35:44 -0400</PostedAt>
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