Topic: Inflation

Is The Fed Trying To Inflate Away US Debt?

– September 28, 2022

“The ease with which the concept is expressed, as if debt were an ice cube left on a driveway on a summer day, betrays the numerous costs associated with such a scheme. And that holds whether the undertaking is intentional or not.” ~ Peter C. Earle

Central Banking, Inflation, Monetary Policy

Interest Rates and Fed Tightening

– September 28, 2022

“While interest rates can sometimes be useful as a policy barometer, the various monetary measures (from the monetary base at narrowest to total nominal expenditures at broadest) matter far more.” ~ Alexander William Salter

Energy, Government, Inflation, Video

The Inflation Reduction Act: Is History Repeating Itself? (Video)

– September 21, 2022

“On this episode of Liberty Curious, AIER Senior Research Faculty Thomas Hogan sat down with Kate Wand to discuss the Inflation Reduction Act.” ~ AIER

Central Banking, Inflation, Monetary Policy

Financial Stability and the Fed

– September 16, 2022

“The Fed failed at its initial task of promoting financial stability. It has failed at conducting monetary policy as well. Given the Fed’s major financial-policy and monetary-policy errors since 2008, we should explore major structural changes.” ~ Alexander William Salter

Crisis, Inflation, Monetary Policy

Five Questions for Fed Chair Jerome Powell

– September 16, 2022

“After each meeting, Chair Powell holds a press conference where he takes questions from the media. Most reporters ask about the state of inflation or the Fed’s interest rate decisions, while important policy questions go unasked.” ~ Thomas L. Hogan

Government, Inflation, Monetary Policy

How to Make Disinflation Less Scary

– September 15, 2022

“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

Government, Inflation, Monetary Policy

Can Congress Rein in the Fed?

– September 14, 2022

“As long as we’re stuck with a central bank, we should give it an unambiguous mandate and watch it like a hawk. Monetary policymakers answer to the people’s representatives, in Congress assembled. Let’s remind them.” ~ Alexander William Salter

Crisis, Financial Markets, Inflation, Monetary Policy

No, Hyperinflation Is Not Right Around the Corner

– September 13, 2022

“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

Crisis, Government, Inflation, Regulation

Welcome to Joe Biden’s Low Growth Economy

– September 7, 2022

“If Biden truly wants to cement his legacy and restore American dominance, he will have to get out of the way and let individual drive and creativity flourish without the burden of high-handed officials obstructing the path to a more prosperous future.” ~ Michael N. Peterson

Government, Inflation, Monetary Policy

The Inflation Tide Appears To Be Turning

– September 5, 2022

“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

Economic History, Government, Inflation

There Is No Such Thing As Wage-Driven Inflation

– August 31, 2022

“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

Crisis, Inflation, Monetary Policy

Why Will Inflation Remain So High For So Long?

– August 24, 2022

“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