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A central doctrine of the Keynesian system is the “liquidity trap” in which consumers hold money in anticipation of higher interest rates. The act of holding money allegedly promotes “underconsumption,” continuing the economic downturn. This doctrine, however, cannot withstand scrutiny.
Marc Joffe In recent posts, I have looked at costly light rail projects in Austin and Minneapolis whose sponsors are seeking federal funding. Not...
Vanessa Brown Calder President-elect Donald Trump has signaled an appetite for change with his new Department of Government Efficiency and various cabinet picks. While...
Image: Samar Haddad / The Verge Ge Wang doesn’t use computers to make music the way most people use computers make music. He uses...
Where might you invest as the year winds down and holiday spending kicks into high gear? A look at historical seasonality trends might help...
