When Inflation Falls, Why Do Prices Stay High?
When inflation falls from 20% to 2%, the price in the shop still goes up. This piece shows why those two facts do not contradict each other.
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When Did the Stock Market Become a Person?
Why commentators talk about the Sensex as if it had moods — and why, thanks to a property that ant colonies and traffic jams share, they are less wrong than they sound.