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Jeffrey Miron To moderate economic downturns, [g]overnments frequently issue stimulus payments .… Economic theory suggests [such]… payments should be timely, targeted, and temporary, but...
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Politics
The story of how the Pilgrims at Plymouth Rock abandoned the common labor system and embraced private ownership is well known. While at first...
Politics
In the end, Fedgov will just print more money and raise taxes. Social security will be preserved by politicians to ensure that elected officials...
Politics
New WaPo piece is a tour de force of bad economics on the “dangers” of deflation.
Politics
There have been four gold busts under the fiat dollar money regimes since the “freeing” of the gold price in March 1968. Will the...
Politics
Bob explains Lerner’s Symmetry Theorem and shows how tariffs ripple through exchange rates, exports, and trade balances—then tests those predictions against today’s Trump-era tariff...
Politics
The people of Iran suffer not only from authoritarian rule, but they also are victims of an economy in which the authoritarian rulers engage...
Politics
Bankers will be bankers, and AI can only add to their hubris.