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John Foley
Economy
US credit-card crackdown will net limited rewards
25 Jun, 2023
The White House has claimed the move would save US consumers $9 billion in total, but they’re likely to overestimate the value of positive incentives
Opinion
Bank rescue buys stability at a high price
13 Mar, 2023
If depositors think they’ll be bailed out unconditionally they have no need to cause a run. And if the bank doesn’t face a run, it ought to have no need to sell assets in a hurry