Scott Sumner replies to Gerald O'Driscoll on asset prices, inflation, and interest rates.
Gerald O'Driscoll doubts that nominal GDP targeting can be enforced. And if it can't, it will fail to check the central bank's power.
Lawrence H. White documents how the Fed erases government debt - at the expense of long-term savers.
How should the law treat prostitution and related activities? Experts debate sex work legalization, criminalization, and other approaches.
Retired call girl Maggie McNeill argues that sex work should be legalized; criminalization, not prostitution, creates violence and adds risk.