Einzig (1937) reports weekly forward exchange rate data for six currencies. The dollar/pound exchange rate shows the dollar slipping from a premium to a discount against the pound during October 1931. Unfortunately, Einzig does not report forward data for the U.S. dollar price of ...
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Also, how exactly do cuts in the tax rates for high income earners explain stagnant incomes for those in lower tax brackets? Blaming “tax cuts for the rich” on lower pretax incomes for everyone else may make a tiny bit of sense, until you actually stop and think about it. At that ...