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Posted by: Thaddeus | 03/13/2010 at 03:11 AM
Enjoyed reading this - thank you.
Posted by: Homeowner Loans | 03/18/2010 at 12:15 PM
Um...like the style of your writing.*_*
Posted by: Taobao English | 12/29/2010 at 06:43 AM
"I sought to show the changing balance of planes - from anti-ship torpedo and dive bombers in the early days when the main objective was destroying other ships - to fighter planes, whose main job was to defend against the kamikazes in the final months."
Max, Midway is pretty much the final act of anti-ship carrier warfare, right? If you follow Keegan and Churchill, it's the critical turning point in the Pacfic war - there's a wonderfully readable description of Midway in Keegan's The Price of Admiralty.
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Keynesian stimulus can fail in many ways. Becker notes that it is usually late. Posner suggests that it doesn't have to be late, but it should be better designed. Both the timing and the design failures, however, derive from the political nature of any large special stimulus. Becker seems closer to the point. Whether its late our designed with an eye to political favorites, stimuli passed by legislatures are bound to be economically inefficient.
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