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Definition of the Week:

Money Illusion

Jun. 18, 2008
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When people are misled by inflation into thinking that they are getting richer, when in fact the value of their money is declining. Whether, and how much, people are fooled by inflation is much debated by economists. (Source: Economist.com)

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Rolling back Barack Obama’s reforms, Attorney General Jeff Sessions has directed federal prosecutors to seek the harshest sentences for drug offenses. Is it bad policy to fill the prison system with nonviolent offenders?

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