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Economics explained

This Month

Bank profits are the price of trust, and bitcoin proves it

One way to think about part of the profits that banks make is that it’s the cost of providing trust. But first you need to understand how blockchains work.

  • Richard Holden

August

 The statistical tools of the credibility revolution are particularly important for informing public policy.

The two words you should always treat with caution in business

Sentences which begin “Studies show...” are often followed by a description of a correlation interpreted as if it were a causal relationship - when it’s not.

  • Richard Holden

Why people really hate inflation, but politicians don’t get it

Prices are about 15 per cent higher than when the Albanese government was elected. People just hate that. The more interesting question is, why?

  • Richard Holden

Original URL: https://www.afr.com/topic/economics-explained-6gwd