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James L. Caton

The Race to Tame Inflation Expectations

“If the FOMC thinks inflation should be higher than 2 percent on average, it should adopt a higher inflation target—say, 3 percent—and compensate for periods of excess inflation by also promoting inflation rates below the average target for extended periods.” ~ James L. Caton


Gary Galles

From Republic to Democracy to Kakistocracy

“So how do we get from a republic to a democracy, and how does democracy become a kakistocracy during a period when democracy is so highly praised?” ~ Gary M. Galles


Daniel Fernández

El Salvador and Bitcoin: A Love-Hate Story

“El Salvador can be seen as either a pioneer in the world of cryptocurrencies or as a country that is reckless in its government finances.” ~ Daniel Fernández


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