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One of my mantras when preparing contracts and company policies is “to be careful what you incentivize. This article discusses the "cobra effect" and why it's critical when preparing...
Congress should not use the conventional European approach to labormarkets
If inflation comes in hotter than expected, it will put pressure on the Fed to raise rates. Read why investors will pay close attention to the Feb. CPI report.
Is the inflation I’ve been writing about really all just transitory as Papa Powell claims it is? The Fed Head assures us he has this under control. Would that be just like Father Fed and friends had bank reserves under control right before the repo crisis blew up in late 2019? Or just like they had their Great Rewind under control right before the stock market imploded in late 2018 due to Fed tightening that was promised to be as boring as watching paint dry? Or just like Janet Yellen, the author of paint-by-numbers boredom, now has everything under control, except apparently her yellin’ ...
Dr Sudipta Sarangi weaves anecdotes and economic incidents with fascinating studies in her book 'The Economics of Small Things'