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Jerry Jordan

Monetary debates

In recent decades, the “big debate” among monetary economists and policy makers was “Rules versus Discretion.”  That debate accepted that the various tools/instruments available to monetary policymakers are well known.  Implicit is that the linkages between open market operations of the central bank’s trading desk and the objectives of monetary policies have been defined and […]


Aaron Nathans

How Much Do Gas Prices Matter When Buying a Car?

Saving money on gas doesn’t tend to be what motivates people to buy any particular car.


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