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ISM Reports Suggest Robust Economic Growth
The latest monthly reports from the Institute for Supply Management show that the economy continued to expand at a robust pace in September. Details in both reports were decisively positive and suggest strong, broad-based growth in the economy.
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Multiethnic Societies Can Be Stable, Peaceful, and Prosperous
If all mixed societies are inherently unstable then why are they historically so common and why do many keep going for hundreds of years in peace and rising prosperity?
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Two Myths of the Great Recession
Ten years after the 2008 financial crisis, economists are beginning to assess the lessons learned. Sometimes we learn the right lessons. Sometimes we learn the wrong lessons.
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The Inconvenient Arithmetic of IOER
By continuing its policy of paying interest on excess reserves, the Federal Reserve is courting a crisis.
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Regulated Stablecoins
Regulation means both Gemini and Paxos must comply with NYDFS anti-money-laundering (AML) rules as well as efforts to counter the financing of terrorists (CFT).
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The Difference Between Micro- and Macro-economics
We must recognize that a whole may exhibit properties that are not present in its parts. But problems come in when the method of study for the economy as a whole looks radically different from that used for its parts.
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Money Is a Social Contract: A Positive View
Economists and philosophers engage in a strange form of positive analysis.
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California Neutrality Law Will Not Deliver
Net neutrality rules do nothing to make internet access more fair. More regulations only create the perfect environment to encourage monopoly, making access to the wide web even more restricted and expensive.
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