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France Is Catching Up to Japan, but Not in a Good Way
Mises Wire
Author: Karl-Friedrich Israel Tim Sepp
Online Publish Date:
Category: Inflation
Inequality and social mobility are hotly debated issues. One important indicator of social mobility are wealth-to-income ratios. If a country’s wealth-to-income ratio is high, the country is not necessarily wealthy. It merely implies that the monetary value of all assets in that country is relatively high compared to the incomes earned. The higher
Central Banks May Be Driving Us Toward More Waste, More Carbon Emissions
Mises Wire
Author: Gunther Schnabl Tim Sepp
Online Publish Date:
Category: Business Cycles, The Environment
Christine Lagarde, the new president of the European Central Bank (ECB), has added a new green dimension to monetary policymaking. The charming Frenchwoman signaled that the ECB could buy green bonds, possibly as part of the reanimated bond purchase program (a form of QE). This could reduce the financing costs of green investment projects. If