The ECB Blames Inflation on Everything but Itself

Money and BanksMoney and Banking

6 hours agoFedWatch
The ECB prefers to do what all central banks did just before the 2009 great recession: blame inflation on rising food and energy prices.

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Richard Cantillon Is Sleepless in Seattle

Business Cycles

Blog6 hours ago
Cheap money and Seattle's capital-fueled boom means Seattle may soon achieve Peak Skyscraper status.

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Teaching "Tips": An Economic and Pedagogical Defense of Gratuities

Labor and Wages

8 hours agoAudio/Video
Using the long-standing cultural practice of tipping, Gill explores a variety of important economic concepts.

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Our Lawless Central Bank

The FedMoney and Banking

12 hours agoFedWatch
The Fed's modern method of policymaking is best described as "ad hoc." This is a big problem for entrepreneurs and most market actors.

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Four Reasons Central Banks are Wrong to Fight Deflation

Money and BanksMonetary TheoryMoney and Banking

Blog18 hours ago
The harmful character of deflation is a sacred dogma of monetary policy. However, evidence substantiating these claims is either weak or nonexistent.

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The Tragedy of the Commons in the Courtroom

Legal SystemTaxes and SpendingPolitical Theory

Blog23 hours ago
Since using the court system costs them nothing, police and prosecutors have an incentive to load up the court system with non-violent "crimes."

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Does the Fed Follow Its Own Rules?

The FedMoney and BanksMoney and Banking

The central bank is unlikely to follow rules like the Taylor Rule because they are fundamentally political organizations with their own agendas.

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Will Our Grandchildren Work Only Four Hours Per Day?

Labor and WagesPoverty

If capitalists have their way, we may be looking at a future of 20-hour work weeks while producing a higher standard of living.

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