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Essays
Asset Prices, Inflation, and Interest Rates
Scott Sumner replies to Gerald O'Driscoll on asset prices, inflation, and interest rates.
Essays
How Do We Enforce Nominal GDP Targeting?
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.
Essays
The Fed’s Role in Eroding Real Federal Debt
Lawrence H. White documents how the Fed erases government debt - at the expense of long-term savers.
