Topic: Inflation

Two Kinds of Transitory Inflation

– February 16, 2024

“Team Transitory’s narrative just doesn’t cohere. Whether we’re trying to explain the Great Inflation of the 1970s and early 1980s, or the inflation of the past two years, we need to rely on demand-side mechanisms.” ~Alexander W. Salter

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America Can’t Afford Bidenomics

– February 16, 2024

“The euphoria surrounding the January 2024 jobs report is misplaced. Policymakers should heed these warning signs and enact meaningful reforms to address root causes.” ~Vance Ginn

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An Inflation Resurgence, or Just Relative Price Changes?

– February 14, 2024

“Microeconomic relative-price dynamics increasingly drive inflation measurements. That means the Fed should not be afraid to ease off the brakes.” ~Alexander W. Salter

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AIER’s Everyday Price Index Rises 0.52 Percent in January 2024 

– February 13, 2024

“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

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Dollarization in Argentina: A Missed Opportunity

– February 13, 2024

“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

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A Tale of Two Economies

– February 12, 2024

“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

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The flag of the American Federal Reserve System waving in the wind with the flag of the United States Washington DC March 2022

Time to Tame the “Apolitical” Fed?

– February 8, 2024

“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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Inflation Already Ruined Your Super Bowl Party

– February 7, 2024

“The persistent inflation of the past three years saw spikes in tickets and hotel rooms, but also in the seemingly more affordable alternative: hosting or attending Super Bowl parties at home.” ~Peter C. Earle

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Debt and Unfunded Liabilities

– February 5, 2024

“Unfunded liabilities stress state and local budgets and signal painful future tax increases just as much as bond obligations. Government debt is growing rapidly at all levels.” ~Tom Savidge

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Milei Proves That Ideas Matter

– January 31, 2024

“Rather than the thin gruel of economic grievance offered by American right-wing populists, Milei’s policies are built on his vast knowledge of sound and successful, albeit politically unpopular, economic thinking.” ~ G. Patrick Lynch

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Time for the Fed to Ease Up

– January 29, 2024

“Even if Fed economists have underestimated the natural rate of interest by half, monetary policy looks slightly tight. It looks very tight if the natural-rate figures are anywhere close to correct.” ~Alexander W. Salter

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Inflation On Target in December

– January 26, 2024

“Monetary policy remains very tight. Interest rates are much higher than they were just prior to the pandemic. And the Fed is no longer accommodating expansionary fiscal policy.” ~William J. Luther

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