Word: masses
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Dates: during 2000-2009
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...relief for everybody else. They are also that much more detached from recognizing the costs of government." This argument is historically obtuse, considering that the federal income tax was initially designed to hit only a tiny minority of high earners and exempt the other 99% (it first became a mass tax during World War II). It's also misleading, in that lucky duckies still get hit with payroll taxes for Social Security and Medicare, federal excise taxes, state and local sales taxes...
...radio play itself became a textbook example of mass hysteria: in 1940, Princeton psychologist Hadley Cantril used an analysis of listeners' reactions to posit that social panics occur when large groups can't discern reliable sources of advice from unreliable ones. That said, there's little chance that a media hoax of this magnitude could happen again. We've grown too sophisticated, too cynical to believe that little green men from Mars with big silver spaceships will land in New Jersey, of all places. We're too smart, for example, to be fooled by telephone calls suggesting that John McCain...
...serious deflation, because he's convinced that serious deflation makes an economic downturn much worse by making it much harder for debtors to pay back loans. That's probably the right stance right now. When banks and consumers are both trying to cut back on their debts on a mass scale, deflation really is the big threat...
...pile is Chetan Bhagat, whom fellow pop author Anirban Bose calls the "Tenzing Norgay and Edmund Hillary of Indian mass-market publishing." Bhagat's three books, the first of which was published in 2004, have sold more than a million copies. One has been made into a Bollywood film and another is in production. "Chetan Bhagat's success demonstrated that there was a huge market for Indian fiction, with everyday Indian characters acting out everyday Indian stories," says Bose. "Publishers took note that homegrown talent was finding a voice, and that publishing authors like us was not only not risky...
Mankiw, who advised former Mass. Governor W. Mitt Romney in the Republican primary, said that he decided not to advise another candidate this election cycle because he “saw strengths and weaknesses in both candidates...