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Shiller on Sovereign GDP-linked Bonds

– March 23, 2018

A sovereign GDP-linked bond pays the bondholder only if certain economic conditions hold.

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Monetary Offset

Lesson Learned

– February 12, 2018

After nearly a decade of decrying austerity programs, Krugman finally understands the monetary offset.

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Localize It

– January 24, 2018

What would happen if local governments had a lot more control over policy? Some localities could lower taxes and provide fewer services, while others could do the opposite. Local school boards could have much greater control over curricula and measuring outcomes. And many aspects of the culture wars could be settled at a level where far more consensus likely exists.

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The Real Losers In the Shutdown Fiasco

– January 23, 2018

It’s time to put a final close on the era of government hegemony over our lives. There need never be another drama over closings of government offices. Shut them down for good. Sell the assets. Privatize the services.

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We are Taxed Enough Already

– July 18, 2014

Today’s T.E.A. party adherents have it right. We are Taxed Enough Already! So why is raising the inflation tax gaining popularity with policymakers around the world? The central idea of post WWII monetary arrangements was that the US dollar would be fi …

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“Après moi le deluge”

– December 31, 2012

by Alex Chafuen During a recent interview on NTN24TV,  I was asked about the difference between the fiscal deficit and the fiscal “cliff.”  I told them that the deficit is more like a flood (deluge), and that explanation led me to write an op-ed for In …

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Another Step Toward Helicopter Money, And Away From Freedom

– December 28, 2012

The Federal Reserve’s decision to enter the New Year by extending and enlarging its policy of quantitative easing is another step toward “helicopter money”

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Keep Your Golden Eyes on China

– December 28, 2012

by Devin Roundtree Due to the European Debt Crisis, little attention has been paid to the fundamental changes taking place in China. For more than a decade China has served as the biggest creditor to the United States government. But, two years ago, Ch …

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Livin’ It Up at the Hotel California

– December 14, 2012

The Federal Reserve’s latest moves to reduce borrowing costs and boost the economy could be hard to reverse

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Money Printing is the Only Thing Keeping the System Afloat

– October 19, 2012

The hyperbolic trend increase in the quantity of money is a reflection of this necessity, implying that if the Fed’s money issuance is at a slower rate than required, then strains will appear in the financial system. There are a number of reasons behind this monetary acceleration, not least the need to perpetuate bubbles in securities markets, but there are three major underlying problems.

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Inflation: Washington is Blind to Main Street’s Biggest Concern

– October 16, 2012

Journalists, politicians and economists all seem to agree that the biggest economic issue currently worrying voters is unemployment. It follows then that most believe that the deciding factor in the presidential race will be the ability of each candidate to convince the public that his policies will create jobs. It seems that everyone got this memo…except the voters.

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