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It happens often that you prepare a paper or a talk for a conference
and before you get to deliver it, all your main topics and even particular
ideas have already been discussed. Normally it is not ...
Throughoutmost of American history, main reliance for Increasing
productivityhas beenplacedon the workings ofcompetitive markets
In our predominantly free, private enterprise economy. The logic is
...
HOW THE FED CROWDED OUT REAGAN’S ECONOMIC POLICY
ECONOMIC POLICY Fed Power policymaking function
2008/12/8
The Split between Fed Power and Accountability
There is a fundamental problem with the Fed’s policymaking function.
Under the U.S. Constitution, government is not supposed to
convey power without a...
The Revival of the Locomotive Strategy
Recently there has been a revival of the “locomotive strategy,”
which was first applied in 1977—78. Atthat time, politicians and many
economists argued that a...
ECONOMIC POLICY：CREDIBLE COMMITMENTS
ECONOMIC POLICY short-term policies long-term policy fiscal policy
2008/11/11
Economic policy may be coming full circle: the long view is again
gaining acceptance and short-term policy adjustments are losing currency.
Schumpeter and Hayek are mentioned by economic pundits
wi...
POLITICAL FREEDOM AND THE STABILITY OF ECONOMIC POLICY
POLITICAL FREEDOM ECONOMIC POLICY STABILITY
2008/11/7
Most of the regime shifts in democracies occur through the electoral
defeat of the incumbents, while most dictatorships relinquish
power only through violence. Democracy requires consent of the
cit...