People buy now if prices are set to rise, but only if the message gets through.
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.