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Federal Reserve

Free-Rider Theory

September 20, 2019 // El País - Spain - Spanish

The free-rider theory... is a formulation arguing that rational actors tend to abstain from collective action insofar as they think others will do their part to achieve some mutually beneficial objective.


August 6, 2019 // El País - Spain - Spanish

The Fed's reduction of the interest rate can only be explained as a surrender to the intense pressures that plague the institution from almost all sides.
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