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In order to attain full capacity utilization, Germany must first reconsider how to measure and calculate full employment as well as fiscal spending throughout the economy.
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The Case Against Nudging and the Paternalistic State
Mercatus Center Senior Research Fellow Shruti Rajagopalan recently spoke with Mario Rizzo and Glen Whitman about their new book, Escaping Paternalism: Rationality, Behavioral Economics, and Public Policy. Rizzo is an associate professor of economics, director of the Program on the Foundations of the Market Economy, and co-director of the Classical Liberal Institute at New York University.
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Fed Keeps Rates Unchanged as Taper Talk Begins to Materialize