"Politics rules. Whether we like it or not, we are subject to politics wherever we go and whatever we are doing. Development is always and everywhere political, and frequently occurs with the interests of the powerful at the forefront. Can we hope to better understand the politics that shapes...

A measure of the public's expectation of inflation would assist the Fed in formulating monetary policy. In order to create such a measure, the U.S. Treasury could issue its debt in two forms: standard debt and debt indexed for inflation. The difference in yield on these two forms of debt would...