Fiscal Matters

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More support for Amity Shlaes: a New Yorker of my acquaintance who works with the finance industry reports that the massive fiscal crisis, and regulatory uncertainty, are having a big impact on how he invests for the future:

Now when I buy Mega Millions tickets, I pick the lump sum option rather than the 26 annual payments
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Megan McArdle is a columnist at Bloomberg View and a former senior editor at The Atlantic. Her new book is The Up Side of Down.

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