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Price Signals Have Been Broken

A weekend topic starting with Real Clear Markets. "Arthur Burns, Chair of the Federal Reserve from 1970 to 1978, publicly regretted afterward that he had lacked the spine to do what was necessary to get the Great Inflation of the…

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This Is A Feature Of Fiat, Not A Bug

It's Friday desk clearing time for this blogger. "Have Northern Virginia home sellers missed the sweet spot? The D.C. region’s red-hot housing market has begun to show signs of fatigue, and in Northern Virginia the market softened in August. 'Overall…

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