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What’s in a name?

…the ambiguity about what would follow capitalism. In his 1875 Critique of the Gotha Program, he described a future “communist” society that would initially emerge “just as it emerges from…

Open e-mail to Joe Gagnon

…nominal interest rates are at the lower bound. I think that “trading among private agents could dry up, degrading liquidity and price discovery ” really means that profits of financial…