Equilibria Aren’t Endpoints
Plus! China, Huawei, Inflation Targeting, Writing the Rules
In this issue:
Equilibria aren’t endpoints: on price targets, and where they don’t make sense.
China
Inflation Targeting
Writing the Rules for Hate Speech
Equilibria Aren’t Endpoints
Active investors generally have a price target in mind when they make an investment. But there are two very different kinds of price targets, for two broad sorts of situations:
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