fredgraph

A Tale of Two Price Levels

– May 6, 2018

A distinction between theoretical and empirical price levels is useful for articulating why one might prefer a nominal-GDP-level target to a price-level target. 

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Inflation Target

Lessons From Inflation-targeting Regimes

– February 27, 2018

The available evidence suggests that it is painful to lower inflation rates—and that pre-commitments do little to mitigate those costs.

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fallingstocks

How Fake Economics Perpetuates Itself

– February 10, 2018

The news has been packed with fake economics for the weeks since the correction in stocks began. Story after story has claimed that rising wages could translate into higher inflation, setting off fear and trembling on Wall Street. These claims have caused anyone with contemporary economics knowledge to slap their heads with exasperation. This is precisely how fallacy lives on and on: it keeps being reported by journalists who don’t know better.

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03currency

Cryptocurrencies, Education and Public Opinion

– September 22, 2017

Just how much will peoples’ attitudes have to change to allow widespread adoption of a private cryptocurrency like Bitcoin or Ethereum?

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bc photo

Bracket Creep: A Real Problem for Taxpayers

– September 7, 2017

Nothing raises Americans’ ire more than tax increases, but most of us don’t know that we face a hidden income-tax hike almost every year that the economy grows.

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The Money Mirage

– August 1, 2017

Luring Businessmen, Savers, and Investors To Their Economic Deaths Including as a Supplement: Retirement and Estate Planning During an Age of Inflating

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What Will Inflation and Devaluation Mean to You?

– July 25, 2017

By Donald G. Ferguson, Bion H. Francis, E. C. Harwood, Benjamin D. Manton, and Their Assistants on the Institute Staff Part I Where Does Money Come From, and What Is Inflation? Has the Danger of Inflation Passed? Part II Inflation’s Timing an …

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The Inflation Tax

– July 20, 2017

Can you name an official at a major central bank who expresses worries that inflation is now, or soon will be, too high?  Can you identify any financial publication–even the Wall Street Journal–that does not report that recent inflation data have bee …

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Fed Faces Only Bad Options in Balance Sheet Rewind

– July 12, 2017

The Fed will try to reduce its balance sheet very, very slowly.

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Dear Mr. President

– July 3, 2017

In the fall of 1974, AIER founder E.C. Harwood wrote a letter to President Gerald Ford.

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An Inflation Primer

– May 31, 2016

What is inflation? What comes to mind when you think of inflation? It might be higher prices, less affordability, and something bad that we want to avoid. Yet more expensive goods, which would be seen as a negative for consumers, can be a plus for sellers, as they can charge higher prices.

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We are Taxed Enough Already

– July 18, 2014

Today’s T.E.A. party adherents have it right. We are Taxed Enough Already! So why is raising the inflation tax gaining popularity with policymakers around the world? The central idea of post WWII monetary arrangements was that the US dollar would be fi …

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