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April 3, 2019
time-is-money-1407485_1280
Alexander W. Salter

Interest Rates, Funny Money, and Economic Malaise

There is growing support for the idea that meddling with market interest rates is a bad idea. Interest rates coordinate intertemporal production plans, and any attempt to alter them will entail undesirable unintended consequences. 

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dollar-1443244_1280
Gerald P. Dwyer

Quantitative Easing: A Model for Financing Government Spending?

Government expenditures can be funded by increasing reserves at the Federal Reserve. But limits on the demand for reserves mean inflation will follow.

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trucking
Robert Hughes

Services Sector Expands at a Moderate Pace in March

Nonmanufacturing activity expanded at a slower pace in March. The results are consistent with a range of economic data that point to uneven growth, but they do not suggest a recession is imminent.

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bunnyslippers
Michael Munger

Maybe Bosses Do Wear Bunny Slippers

There are some clear advantages to the gig economy, for both workers who have specialized skills and for companies trying to remain small and nimble.

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