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Bob looks at the misconceptions and misuses of GDP accounting, explaining why this widely accepted metric often paints a misleading picture of economic health.
Economists and pundits mistakenly call the Federal Reserve System’s security holdings a portfolio. It is anything but. Original Article: “The Fed’s Portfolio Is Nonexistent: The...
Mark Thornton explains the target as another smokescreen that was originally intended to stabilize monetary policy, currencies, and exchange rates, but has become a...