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Predatory Pricing: More Theory Than Reality
All governments and all courts everywhere would, if they were sincerely committed to keeping markets as competitive as possible, announce loudly and unconditionally that never again will they take accusations of predatory pricing seriously.
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Strong Jobs Report Supports a Favorable Outlook
Payrolls in the United States rose by 213,000 in June on widespread gains among industries. Combined with other strong economic data and the positive results from the AIER Index of Leading Indicators, today’s report suggests a positive outlook for the current expansion.
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Much Ado About Nothing: Objections to the Classical Gold Standard
The classical gold standard has gotten a raw deal in our historical memory. Setting the record straight is a crucial step on the road back to restoring sound.
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