The Case for and against Central Bankers
Monetary policy makers set the stage for inflation but were slow to respond when it appeared.
The Case for and against Central BankersWhat precipitates the credit-supply booms that make it easier for consumers, homeowners, and others to borrow—and, in some cases, drive up household debt to unsustainable levels? In the second part of a two-part series, Chicago Booth's Amir Sufi explains that inequality may be an important factor: as the wealthy look for productive uses for their increasingly large share of the pie, they turn to the financial sector, which uses those funds to issue loans. For an explanation of how credit-supply expansions may help fuel the boom-bust cycle that sometimes leads to economic catastrophe, see part one of this series.
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Monetary policy makers set the stage for inflation but were slow to respond when it appeared.
The Case for and against Central BankersYale’s Hélène Landemore joins the Capitalisn’t podcast to talk through her vision of participatory democracy.
Capitalisn’t: Reinventing DemocracyFindings from a series of surveys suggest that simple gender preference may be the explanation.
Some Fathers Are Less Willing to Spend on Daughters than on SonsYour Privacy
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