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While central banks use administered interest rates in hopes of emulating the natural rate, these efforts are always going to fail. Without free markets, there is no natural rate.
Original Article: The Central Bank Policy Interest Rate vs the Natural Rate
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Vanessa Brown Calder Commercial‐to‐residential zoning reforms have become a popular focus of regulatory reform legislation in states, with at least nine introducing legislation in 2023...
Travis Fisher A previous post showed that the total cost of the Inflation Reduction Act’s (IRA’s) energy subsidies could reach $3 trillion. Subsidies so...
