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The former President of the Richmond Fed explains the history of the Fed’s inflation target and how the Fed’s next framework review will be a great opportunity to clarify the parameters of the flexible average inflation target.
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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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Using the USPS Monopoly as an “Antimonopoly Tool” is a Bad Idea