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When the most famous goods of the past become common and cheap, we can always thank specialization and market innovations.
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Robert Lucas was a model of humility in the field of economics.
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Both artists and athletes perform for others. When governments get involved it either is for subsidies or censorship. Neither is satisfactory.
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The Economic Growth Act amended how the Fed can regulate the companies that own commercial banks, not how it can regulate the commercial banks themselves. There’s a huge difference.
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The World Economic Forum and its related institutions in combination with a handful of governments and a few high-tech companies want to lead the world into a new era without property or privacy.
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The most likely reason why the average American has strange ideas about inflation is that they see inflation as the same thing as certain costs of living.
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Wall Street is sure that the Federal Reserve will soon create a 'soft landing' by reducing inflation without triggering a recession. They must reconsider their convictions.
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In November, food prices went up by 0.5% while energy prices went down by 1.6%.
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People argued 26 years ago about whether or not the target inflation rate should go from 0% to 2%. We're now hearing that it should be 4% or 6%.
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Why the world economy might change forever.
When the most famous goods of the past become common and cheap, we can always thank specialization and market innovations.
