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Trump’s Economy?
Long-term stability in economic growth owes to the robustness of economic organization in the United States. A single president might transform the economic landscape, but that transformation is necessarily constrained.
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ECB Opens Real-Time Retail Payments System
European payments just got a whole lot faster. But faster speeds come at a cost.
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Bloated Fed Not Ready for Next Recession
The Fed’s failure to shrink its balance sheet and commitment to paying above-market interest on reserves could undermine its ability to combat the next recession.
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Why Are Many Households Unbanked?
A new NBER working paper raises doubts about the welfare gains from mobile banking.
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How Government Ruined Higher Education
Education suffers from the same dilemma as state-run health care: the potential for cost saving remains unfulfilled since no incentives for efficiency exist. In order to get the subsidies and the other benefits from government, the universities must adhere to specific bureaucratic rules.
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