ECONOMIC PONDERABLES - Pricing Discrimination and Fiscal Debt - JOHN COCHRANE 110426

DECEMBER 1951
Pricing Discrimination and Fiscal Debt
John Cochrane explains dynamic pricing, arguing that price discrimination helps businesses cover essential fixed and development costs, and warns against premature government price regulation. Turning to fiscal policy, Cochrane analyzes central bank interest rates, rising national debt servicing costs, and the urgent need for fundamental structural fiscal reform. (9)