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Asymmetric Average Inflation Targeting and Expectations
“A conventional average inflation target would have anchored expectations and reduced the inflation risk of long-term contracting, promoting economic growth in the process. An asymmetric average inflation target falls far short of that goal.” ~ William J. Luther
READ MOREThe Threat to Liberty is Coming from Inside the House
“Awakened to the erosion of liberty, there is more grist for the mill to facilitate our learning than at any time in recent memory. We have more opportunities to become advanced students of liberty.” ~ Barry Brownstein
READ MOREWhat Universities Owe
“As scholars and teachers, caps on, we are responsible for defending a narrow space for stepping back against demands, often issuing from inside the house, to march forth.” ~ Jonathan Marks
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