Are Seasonally Adjusted Economic Data Useful?

Government economists “seasonally adjust” data in order to better respond with policy recommendations to deal with business cycles. The problem is that government causes the cycles. Original Article: “Are Seasonally Adjusted …

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Inflation in Pakistan: Follow the Money

Every theory must ultimately meet two tests: one, that of internal consistency, the other that of consistency with reality.—Frank A. Fetter The great economist Ludwig von Mises played a seminal …

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