What Derek Carr’s Contract Teaches Us about Wall Street and Income Inequality

The FedMedia and CultureMoney and BanksMonetary Theory

Blog20 min ago

Derek Carr has just signed the most lucrative deal in NFL history, receiving a five-year extension worth $125 million with the soon-to-be Las Vegas Raiders. At $25 million per year, Carr edges...

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The ECB Blames Inflation on Everything but Itself

Money and BanksMoney and Banking

10 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

Blog10 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

13 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

17 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

Blog23 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

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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