The Regional Economist

July 2015

The Regional Economist is a quarterly publication aimed at an engaged, nonacademic audience. This publication addresses the regional, national and international economic issues of the day.

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A Quarterly Review of Business and Economic Conditions Vol. 23, No. 3 July 2015 THE FEDERAL RESERVE BANK OF ST. LOUIS CENTRAL TO AMERICA'S ECONOMY ® Inequality Income Gaps Might Overstate Welfare Gaps Education Lifetime Benefits Are Higher than Ever Asset Bubbles Detecting and Measuring Them Are Not Easy Tasks

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