An increasing number of monetary authorities and economists around the world are recommending that high denomination banknotes be removed from circulation on the grounds that they underwrite criminal behavior, money laundering, and tax evasion.
Jordan Peterson, author of 12 Rules for Life, talks about the book with EconTalk host Russ Roberts. Topics covered include parenting, conversation, the role of literature in everyday life, and the relationship between sacrificial rites and trade.
Two weeks ago, fears of higher-than-expected inflation and interest rates sent stocks into a historic and nerve-rattling plunge. This week, those fears were borne out: Consumer prices rose more than expected in January, and interest rates jumped.
The Working Group on Economic Policy brings together experts on economic and financial policy to study key developments in the U.S. and global economies, examine their interactions, and develop specific policy proposals.