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Two Cheers for Population Decline

January 30, 2019

Two Cheers for Population Decline Eventual gradual population decline, provided it results from free choice, should be welcomed. Indeed, the greatest demographic challenge to human welfare is not low fertility and population aging, but rather the high fertility rates and rapid population growth still seen in Pakistan, much of the Middle East, and Africa. LONDON […]

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The Normalization Delusion

September 5, 2017

The Normalization Delusion LONDON – There is a psychological bias to believe that exceptional events eventually give way to a return to “normal times.” Many economic commentators now focus on prospects for “exit” from nearly a decade of ultra-loose monetary policy, with central banks reducing their balance sheets to “normal” levels and gradually raising interest […]

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Western Mistakes, Remade in China

April 6, 2016

Western Mistakes, Remade in China SHANGHAI – The Chinese economy faces an enormously challenging transition. To achieve its goal of joining the world’s high-income countries, the government has rightly urged a “decisive role for the market.” But, while market competition works well in many sectors, banking is different. Indeed, over the last seven years, China’s […]

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A Stunning Admission From A BOE Central Banker: This Is What The Coming “Helicopter Money” Will Look Like

November 7, 2015

A Stunning Admission From A BOE Central Banker: This Is What The Coming “Helicopter Money” Will Look Like Back in early 2009, just around the time the Fed announced it would unleash QE1, we warned that any attempt to reflate the debt (a pathway which ultimately leads to hyperinflation as monetary paradrops are the only […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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