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ECONOMIC POLICY FOR A STABLE WORLD ORDER     ECONOMIC POLICY  STABLE WORLD ORDER       font style='font-size:12px;'> 2008/12/8
It happens often that you prepare a paper or a talk for a conference and before you get to deliver it, all your main topics and even particular ideas have already been discussed. Normally it is not ...
U.S. ECONOMIC POLICY AND PRODUCTIVITY GROWTH     ECONOMIC POLICY  PRODUCTIVITY GROWTH       font style='font-size:12px;'> 2008/12/8
Throughoutmost of American history, main reliance for Increasing productivityhas beenplacedon the workings ofcompetitive markets In our predominantly free, private enterprise economy. The logic is ...
HOW THE FED CROWDED OUT REAGAN’S ECONOMIC POLICY     ECONOMIC POLICY  Fed Power  policymaking function       font style='font-size:12px;'> 2008/12/8
The Split between Fed Power and Accountability There is a fundamental problem with the Fed’s policymaking function. Under the U.S. Constitution, government is not supposed to convey power without a...
WEST GERMANY’S ECONOMIC POLICY:WHAT DIRECTION?     WEST GERMANY  ECONOMIC POLICY  DIRECTION       font style='font-size:12px;'> 2008/12/5
The Revival of the Locomotive Strategy Recently there has been a revival of the “locomotive strategy,” which was first applied in 1977—78. Atthat time, politicians and many economists argued that a...
ECONOMIC POLICY:CREDIBLE COMMITMENTS     ECONOMIC POLICY  short-term policies  long-term policy  fiscal policy       font style='font-size:12px;'> 2008/11/11
Economic policy may be coming full circle: the long view is again gaining acceptance and short-term policy adjustments are losing currency. Schumpeter and Hayek are mentioned by economic pundits wi...
POLITICAL FREEDOM AND THE STABILITY OF ECONOMIC POLICY     POLITICAL FREEDOM  ECONOMIC POLICY  STABILITY       font style='font-size:12px;'> 2008/11/7
Most of the regime shifts in democracies occur through the electoral defeat of the incumbents, while most dictatorships relinquish power only through violence. Democracy requires consent of the cit...

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