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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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Why the world economy might change forever.
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According to economist Stephen Miran, recessions are a 'unavoidable feature of economic life,' and they don't all look like the Great Financial Crisis. Some have a more 'garden-variety' feel about them.
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The quick rise in the value of the US dollar, according to economist Mohamed El-Erian, poses 'hazards.'
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Russian sanctions have created a dangerous precedent for international instability.
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Following the disclosure that the Biden administration suggested a $600 (now $10,000) barrier for bank account surveillance, many users on social media questioned if such a plan could be considered acceptable under the Fourth Amendment. They are not the first to inquire. In 1976, the issue of financial privacy was litigated all the way to the Supreme Court. The Court reasoned in United States v. Miller that a person cannot willingly submit information to a financial institution and expect that information to be protected by the Fourth Amendment. However, it's possible that it's time to revisit that decision.
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Many government papers rehash the same tale of the 2008 financial crisis in order to justify more expansive systemic risk restrictions.
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The United States has entered unknown debt territory. That should be concerning to us.
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The global economic balance is tilting toward Asia. So, will the United States dollar remain the global financial standard?
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These are the kinds of problems that led to the 1976 ruling in United States v. Miller, which dealt with the gray regions of privacy. When evaluating the issue, the Court determined that when supplying information to a third party, one cannot properly anticipate privacy.
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.
