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      Economy

      Evaluating lower-for-longer policies: Temporary price-level targeting

      Despite a long and sustained recovery from the Great Recession, a number of factors—including an aging population, slow productivity growth, and subdued inflation—continue...

      Newsletter Special Report: Historic Job Losses

      The April unemployment rate rose to a record 14.7% and payrolls dropped by an unprecedented 20.5 million as the coronavirus pandemic hit the economy. April’s...

      An SIR model with behavior

      Following my last post, the SIR model has been completely and totally wrong. Answers follow from assumptions. It assumes a constant reproduction rate,...

      Recent Articles

      How to Avoid Comparing Against Your All-Time High Portfolio Value

      A common question about of the “4% rule” is, well, 4% of what? People like to anchor themselves to the all-time...

      And Yet Another Open Letter to Oren Cass

      TweetOren Cass, Chief EconomistAmerican Compass Oren: In their just criticism of...

      Trump’s Trade War Raises Bar for Fed Rate Cuts

      President Trump’s global trade war has significantly raised the bar for the Federal Reserve to lower interest rates, as tariffs risk worsening an...

      Chevron Ordered to Pay $744M for Damaging Louisiana Wetlands

      Oil company Chevron must pay $744.6 million to restore damage it caused to southeast Louisiana’s...

      The Wealth of the wicked is stored up for the righteous (do we have it all wrong?)

      The Hidden Pattern Behind Every Major Wealth Transfer For years I have had a handful of people in my life reciting Proverbs 13:22 “the...

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