Tag Archives: price discovery

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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Measuring the Identity of Productivity

Productivity is an economic identity with political interpretations that change over time. (Adding identity at the margin occupies space over time.) A lot of people who thought, for example, a guaranteed minimum income is an absolute violation of natural law … Continue reading

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