Capitalism
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The Incoherence of ESG: Why We Should Disaggregate the Environmental, Social, and Governance Label
“Conceptually, no reason exists for why the fundamental ideas within the ESG label should correlate with one another.” ~Paul Mueller
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How the Federal Reserve Literally Makes Money
“The Fed is spending up to US$2.3 trillion to help save the U.S. economy from the coronavirus recession. But where does all that money come from?” ~ William J. Luther
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Keep the Fed Out of Municipal Finance
“Chairman Powell should follow the advice of his predecessors. With the program still in its infancy and economic recovery already underway, now is the time to end the MLF in order to preserve the Fed’s independence, maintain the separation between fiscal and monetary policy, and deter additional calls for municipal bailouts in the future.” ~…
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It’s Time to End the Fed’s Dual Mandate
“The choice before us is simple: a central bank that is highly restricted, and therefore effective and independent, or one that is dominated by short-run political concerns, and therefore incompetent and subservient.” ~ Alexander Salter
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The Recovery Has Begun, Ahead of Schedule
“Taken together, the most recent jobs report suggests we could see output recover to 90% or more by the end of August. That’s great news. But a complete recovery might take much longer than that.” ~ William J. Luther
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Smart Contracts Provide an Alternative to Legal Enforcement
This is the second in a series of three articles about blockchain-enabled “smart contracts” and their ability to address retail fraud.
