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| | jacobin.com
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| | What caused Donald Trump to walk back on many of his tariffs last week was not domestic pressure but a run on the market for US Treasuries led by large institutional savers. If US debt is no longer a safe asset, then American hegemony is also at risk.
| | libertystreeteconomics.newyorkfed.org
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| | The debate about the natural rate of interest, or r*, sometimes overlooks the point that there is an entire term structure of r* measures, with short-run estimates capturing current economic conditions and long-run estimates capturing more secular factors. The whole term structure of r* matters for policy: shorter run measures are relevant for gauging how restrictive or expansionary current policy is, while longer run measures are relevant when assessing terminal rates. This two-post series covers the ev...
| | www.prospectmagazine.co.uk
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| | Going cold turkey would finish off a dysfunctional global financial system that's now hopelessly addicted to emergency infusions. The only solution is surgery on the system itself
| | theanarchistlibrary.org
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| CrimethInc. Breaking With Consensus Reality From the Politics of Consent to the Seduction of Revolution 2012 This text is excerpted from the publication...