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Managed money ≠ sound money
When asked (especially during Congressional oversight hearings) a central banker will resolutely declare a belief in “price stability.” Then, with a straight face, express concerns that the rate of increase of consumer prices is below target! The belief that the average of the prices of things households purchase on a regular basis should always increase […]
READ MOREIncome Inequality and Life Expectancy
There’s an interesting story in The Upshot section of The New York Times today about income inequality and life expectancy. The story highlights a study by the University of Wisconsin Population Health Institute that looks at the relationship between having higher income inequality in a community and the life expectancy of the people who live […]
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