Brian C. Albrecht

When Can Waffle House Raise its Prices?

“Instead of being evidence that markets are ‘no longer controlled by competition,’ firms raising prices together is evidence of supply and demand at work.” ~ Brian C. Albrecht

The Gold Standard, FDR, and the Recovery of 1933

In a recent NBER working paper, Margaret M. Jacobson, Eric M. Leeper, and Bruce Preston argue that FDR’s abandonment of the gold standard helped bring an end to the Great Depression.

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