Tag Archives: ontological legitimacy

The Price Signal

The Fed says it is now reviewing its inflation forecast. Being data driven, and thus reacting to whatever the open market serves up, the Fed’s statement of probability has a causal identity, nevertheless. Price signaling is supposed to be illegal … Continue reading

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For the Record

Record Q1, 2013 bank profits derive from the Great Recession. Five years later, property is being confiscated and sold to make a profit. Apparently, confiscation of property is not a moral hazard if, as Rand Paul tells us, it is … Continue reading

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