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Economics and Investing:

Courtesy of reader J.D.D.: Why the U.S. can’t inflate its way out of debt [1]

Some Tough Love from the editors of Der Spiegel: Built on a Lie; The Fundamental Flaw of Europe’s Common Currency [2]

Larry T. suggested this Powerline piece: Buy Gold [3].

Items from The Economatrix:

Why Italy Faces a Derivatives Time Bomb [4]

Why California is Doomed [5]

Double Dip is Coming in 2011 [6]

Welcome to the United States of Iceland [7]

Big Ax Looming at FDNY: More than 1,000 Layoffs, 62 Fire Companies to be Closed [8]

It’s Going to Implode, Buy Physical Gold Now [9]

$2,000/oz. Gold by the End of the Year [10]

States May Hold Onto Tax Refunds for Months [11]

Subprime Lending Crisis: Auto Loans Thrive, Housing Down [12]

Jobs May Rebound in 2010 [13]

Mass School Closures in Near Bankrupt Kansas City, Missouri [14]