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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