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Economies Are Not Intelligently Designed
Taking this evolutionary thinking seriously leaves an agenda for economists that goes well beyond demanding the end of the state.
READ MORESome Questions Regarding the FedNow Project
The Federal Reserve has announced its commitment to developing its own round-the-clock real-time payments service. The FedNow Service promises to clear a transfer between U.S. banks in mere seconds — 24 hours a day, 7 days per week. At face value, this looks like a welcome development. Yet it still raises the question of whether […]
READ MORETop Ten Economic Trends This Year and Next
It’s been a remarkable year in economics. Here are my personal picks for the top ten economic trends of this year and next. 1. The Chinese model of political economy is under pressure. Two years ago, there was a growing consensus that China had it right: free enterprise with totalitarian political control. Matters of changed. […]
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