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The Inflation Reduction Act: Is History Repeating Itself? (Video)
“On this episode of Liberty Curious, AIER Senior Research Faculty Thomas Hogan sat down with Kate Wand to discuss the Inflation Reduction Act.” ~ AIER
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Volcker and the Great Inflation: Reflections for 2022
“Volcker’s victory over runaway inflation was not permanent, because the temptation to governments and their central banks of excessive printing, monetization of government deficits, and levying inflation taxes is permanent.” ~ Alex J. Pollock
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Consumer Inflation Expectations Fell and Sentiment Edged Higher in Early September
“Consumer sentiment edged higher in early September but remains at recessionary levels. Inflation expectations fell to a 12-month low, but consumer uncertainty about the economy rose.” ~ Robert Hughes
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How to Make Disinflation Less Scary
“Economists are correct in warning the public about the likely costs of disinflation. But leaders within and outside the Fed should not sit back and take these costs as given.” ~ Peter N. Ireland
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No, Hyperinflation Is Not Right Around the Corner
“The pursuit of sound money is more profitably directed at identifying profligate monetary policy measures, rather than the consequenceless prediction of extraordinary, and extraordinarily unlikely, outcomes.” ~ Peter C. Earle
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The Inflation Tide Appears To Be Turning
“If monthly core inflation rates are at or below 0.2 percent in August and September, we might more confidently conclude that the Fed is back on track. Until then, we can only hope for the best.” ~ William J. Luther
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There Is No Such Thing As Wage-Driven Inflation
“Friedman’s pouncing on Heller has, unfortunately, had no effect on American journalists. News shows and economic commentators still repeat variants of the claim made by Heller: Rising wages will contribute to inflation.” ~ Vincent Geloso
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Why Will Inflation Remain So High For So Long?
“I cannot think of a good reason for inflation to remain high through 2024; but many bad reasons come to mind. The most likely explanation, in my opinion, is that Fed officials do not take their average inflation target very seriously.” ~ William J. Luther
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What Happened to Reducing Inflation?
“The NBC News poll asked what impact voters believed the new law, whatever it is called, will have on them personally. Just 26 percent said it would make things better; 35 percent said it would make things worse.” ~ Michael Graham
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About That “0 Percent” Inflation in July
“Americans consume goods and services, not the CPI. A look within the June to July 2022 price index exposes 0% inflation as a meaningless statistical aberration. Celebrating it as an achievement is pitiful.” ~ Peter C. Earle
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