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Recent Posts

Japan: Monetary Madness in Times of Unsustainable Deficits …

Japan's government has vowed to end deflation by pursuing both depression-era fiscal policy and aggressive monetary policy. We recently analyzed implications of Japan's planned fiscal policies for the yen (see “How Low … [...]

Lemonade Stand Economics – Penalizing Productivity

The more you make, the more they take. Just 40% of Americans pay 86% of all federal taxes while 47% pay none at all. See what happens when the burden [...]