The US and European central banks thought they could manage their economies by bringing their secretive plans for interest-rate regulation into the light. But they didn’t account for an unreceptive public.
A combination of crowdsourced information and peer pressure can help consumers moderate their consumption.
The sobering effect of seeing a peer being punished may be a cost-effective way to contain fraud.
How announcing a sales-tax hike could boost consumer spending
When credit is readily available, companies with sticky prices are more likely to borrow than those with flexible prices.