The Fed Was Ineffective In The 1980s - accept. opinion
It is also true that several economists associated with the Austrian school, or those using neo-Austrian insights, correctly predicted the U. More surprising is that even relatively fierce opponents of neo-Austrian macro-theory have meanwhile begun to accept some Austrian insights. In contrast, it is also true that mainstream macro-economists, although struggling heavily to come up with a suitable theoretical explanation of the GFC, neither accept the neo-Austrian explanation of crises, nor its policy implications. Therefore, we also need to ask why mainstream economists dismiss ABCT. Is it the alleged neo-Austrian bias towards the supremacy of an unfettered market economy which is rejected by the mainstream, or is it rather the lack of correspondence between ABCT and the stylized facts of business cycles, such as the positive correlation between consumption and investment? We also need to ascertain to what extent the basic Mises-Hayek cycle theory can be applied to an explanation of the U. For example, the neo-Austrian economist Salerno p. Federal Reserve Fed and the enormous government deficits run by U. The Fed Was Ineffective In The 1980s.
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The syllabus constitutes no part of the opinion of the Court but has been prepared by the Reporter of Decisions for the convenience of the reader. See United States v. Ryan, U. This case regards a prisoner from Texas, where state procedural law does not require a defendant to raise his ineffective-assistance-of-trial-counsel claim on collateral review.
Rather, Texas law appears to permit a prisoner to raise such a claim on direct review, but the structure and design of the Texas system make it virtually impossible for a prisoner to do so. The question presented in this case is whether, despite this difference, the rule set out in Martinez applies in Texas.
Petitioner Trevino was convicted of capital murder in Texas state court and sentenced to death after the jury found insufficient mitigat- ing circumstances to warrant a life sentence. THALER Syllabus ure was an independent and adequate state ground barring the fed- eral courts from considering the claim. The Fifth Circuit affirmed.
Coleman v. The Fed Was Ineffective In The 1980s, U. First, Texas procedures make it nearly impossible for an ineffective-assistance-of-trial-counsel claim to be presented on direct review. The nature of an ineffective-assistance claim means that the trial record is likely to be insufficient to support the claim. And a motion for a new trial to develop the record is usually inadequate be- Cite as: U. Thus, a writ of habeas Fef is normally needed to gather the facts neces- sary for evaluating these claims in Texas. Second, were Martinez not to apply, the Texas procedural system would create significant un- fairness because Texas courts in effect have directed defendants to raise ineffective-assistance-of-trial-counsel claims on collateral, rath- er than on direct, review.
Texas can point to only a few cases in which a defendant has used the motion-for-a-new-trial mechanism to expand the record on appeal.
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The right involved—adequate assistance of trial counsel— is similarly and critically important. In both instances practical con- siderations—the need for a new lawyer, the need to expand the trial court record, and the need for sufficient time to develop the claim— argue strongly for initial consideration Wss the claim during collateral, not on direct, review. See Martinez, U. See id.]
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