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Peter C. Earle
Inverted yield curves may or may not predict recession. Will the Fed again cut rates to zero, piling new economic misallocations atop those which remain distorted by the previous decade of zero interest rates?
Some scholars argue that ordinary citizens should be allowed to open bank accounts at the Fed. Is this the best way to reduce financial exclusion?
If you’re a store owner in Philadelphia or the state of New Jersey, and you don’t accept cash from your customers, pretty soon you’ll be breaking the law.
Can governments run large fiscal deficits financed with new money without generating significant inflation? The experience of Argentina calls this view into doubt.
James L. Caton
By conflating the macroeconomics of Keynes with macroeconomics, we run the danger of discarding the contributions that Keynes himself inherited.
The very existence of wealth creation should fill us with awe, respect, and endless curiosity, as well as inspire within us a desire to celebrate and protect the institutions that make markets thrive.
The market economy is vastly superior to anything the government does because it gives customers the freedom to choose.
What does the Austrian theory of the trade cycle have to do with Gordon Ramsay? Plenty.
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