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Posted on October 02, 2008

It's a familiar phrase to anyone who regularly reads legislation. Most people would call it pork. It's the extra stuff that goes into a bill to make it palatable to legislators who are not totally in favor of the main purpose of the bill. These items are not necessarily enough to convert a staunch opponent, but enough to get those on the fence to come to your side. It's a political application of the economist's old friend, thinking on the margin. With that as prelude, I offer you this link to the bill passed by the Senate and now before the House. It is now 442 pages long. The ...

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data , fed , inflation , the fed , treasury secretary