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Scott B. Sumner (born 1955) is an American economist. He was previously the Director of the Program on Monetary Policy at the Mercatus Center at George Mason University, a Research Fellow at the Independent Institute, and a professor at Bentley University in Waltham, Massachusetts. His economics blog, The Money Illusion, [1] popularized the ...
Money illusion. In economics, money illusion, or price illusion, is a cognitive bias where money is thought of in nominal, rather than real terms. In other words, the face value (nominal value) of money is mistaken for its purchasing power (real value) at a previous point in time. Viewing purchasing power as measured by the nominal value is ...
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From the mid-19th century, the illusion, today known as Pepper's Ghost, became widely developed for money-making stage entertainments, amid bitter argument, patent disputes, and legal action concerning the technique's authorship. A popular genre of entertainment was stage demonstrations of scientific novelties.
Trump spent much of his first term fighting with Congress to give him money to build a wall along the U.S.-Mexico border, an expensive undertaking that the legislative branch never agreed to fund.
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Doctoral advisor. Daniel Osherson. Eldar Shafir ( Hebrew: אלדר שפיר) is an American behavioral scientist, and the co-author of Scarcity: Why Having Too Little Means So Much [1] (with Sendhil Mullainathan ). He is the Class of 1987 Professor in Behavioral Science and Public Policy; Professor of Psychology and Public Affairs at Princeton ...
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