public policy

Borrowers, lenders, and others--beware trusting the government

Posted May 28, 2009 - 07:10 by Philip Brewer

Personal Finance

Having a prosperous country (as opposed to having merely a prosperous elite) depends fundamentally on the rule of law. The system can work adequately well with various sets of rules, as long as they're known in advance and fairly applied. During hard times, though, there's a strong temptation to ignore the rules in a search for a less-bad result. Both borrowers and lenders need to watch out.

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How low interest rates might save the world

Posted September 3, 2007 - 03:39 by Philip Brewer

Green Living

Stone Wall

Low interest rates generally lead to inflation, which is bad for everybody. But if inflation were really low, then low interest rates would tend to follow, and in that situation, low interest rates just might save the world.

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