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Some Chicago Boyz know each other from student days at the University of Chicago. Others are Chicago boys in spirit. The blog name is also intended as a good-humored gesture of admiration for distinguished Chicago School economists and fellow travelers.
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Pow, Alice!
As good a clue as any.
Policy will be sawtooth. They’ll edge up interest rates, or at least say they plan to, then panic and lower them again. Then up, funk, lower again. How many decades it could last, Lord knows. Consult the Japanese experience, I suppose.
“Ralph Kramden was here…”
The ubiquitous WWII Kilroy?
tom