“Microeconomic relative-price dynamics increasingly drive inflation measurements. That means the Fed should not be afraid to ease off the brakes.” ~Alexander W. Salter
“Ignoring the secondary consequences of a policy and focusing solely on its primary intended consequences is what separates a bad economist from a good one.” ~Jon Miltimore
“The January 2024 CPI report highlights the challenges of returning inflation to the Fed’s target range and suggests a bumpy road ahead.” ~Peter C. Earle
“The delayed implementation of dollarization in Argentina presents challenges that could have been avoided had Milei honored his promise to abandon the peso straightaway.” ~Nicolás Cachanosky
“When a motivated and adequately organized group combines to concentrate its lobbying power on government, it generates foreseeable incentives for the ruling legislatures.” ~Paul Schwennesen
“Slow-motion corporate raiding just doesn’t stir the blood like waving a flag and raising a fist at the barricade or building a guillotine outside Jeff Bezos’s house.” ~Art Carden
“There are three possible resolution scenarios to federal government borrowing and spending — none of them good for economic growth in the near term.” ~Paul Mueller
“Averting an impending fiscal crisis requires substantial debate about these issues rather than the current partisan-fueled fire drill over continuing resolution funding.” ~Vance Ginn
“The argument that lagging digital dollar development is necessarily bad for Americans ignores a long history of US government promises about gathered data and its use.” ~Peter C. Earle
“The Fed’s self-conception as an apolitical technocracy blinds it to the degree to which it has weighed in on fundamental political issues, which instead ought to be deliberated in Congress.” ~Alexander W. Salter
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