Government Policy

Inflation Refund Checks: The World’s Most Expensive Apology Note By Our Man in Geneva, Still Waiting for His Own Check GENEVA—The latest fad in crisis management is neither a rate hike nor a stern op-ed, but a literal envelope stuffed with what economists call “inflation refund checks,” and what the rest of us call “hush…

Cost-of-Living Payments: A Global Panic Button That Keeps Getting Pressed By Our Man in Several Overpriced Airports COPENHAGEN — The memo must have gone out in 23 languages: when the price of eggs starts resembling the price of cocaine, governments reach for the emergency envelope marked “Cost-of-Living Payment.” From Seoul to São Paulo, officials are…