The Gallup Poll regularly asks about what people see as America's most important problem.
The prisoners' dilemma game originated in 1950, and thus commemorates its 70th anniversary this year.
Labor economists refer to "prime-age" men and women, by which they mean those in the 25-54 age group who are in the prime age group for working. But there is half-century trend that prime-age males are becoming less likely to be in the labor force. Nicholas Eberstadt discusses the subject in "Education and Men without Work" in the Winter 2020 issue of National Affairs.
· US bond yields have been in secular decline since 1981 · Predictions of a bond bear-market have been premature for three decades · High indebtedness will see any inflationary yield surges quickly subdued
Negative rates are the destruction of money, an economic aberration based on the mistakes of many central banks and some of their economists who start from a wrong diagnosis: the idea that economic agents do not take more credit or invest more because they choose to save too much and therefore saving must be penalized to stimulate the economy. Excuse the bluntness, but it is a ludicrous idea.
When the Federal Reserve conducts monetary policy, it announces a target for the "federal funds" interest rate.