Topic: Inflation

Central Banking, Government, Inflation, Monetary Policy

Better Explanations for Inflation

– June 29, 2022

“We have enough information to conclude policy mistakes, especially on the demand side, go a long way toward explaining today’s inflation.” ~ Alexander William Salter

Crisis, Education, Government, Inflation

Public Schools Are Using Inflation To Extort Taxpayers

– June 27, 2022

“While there isn’t much that can be done in the short term to mitigate public school excess, taxpayers should at least be aware that public schools are using inflation as an excuse to extort them.” ~ Garion Frankel

Economic Education, Fiscal Policy, Inflation, Public Choice and Public Policy

Want to Understand the Inflation Problem? Look to Harvey Road, Not Pennsylvania Avenue

– June 24, 2022

“A bipartisan generation of loose money and loose budgets has created major negative spillover effects, and today’s inflation problem is what we all have to show for it.” ~ Peter T. Calcagno & Edward J. Lopez

Economic Education, Inflation, Monetary Policy

Bad Explanations for Inflation

– June 23, 2022

“Hopefully, these lousy explanations will soon fade out of the public’s consciousness. We need to focus on what matters: a comparative abundance of money over goods. ” ~ Alexander William Salter

Government, Healthcare, Inflation, Public Choice and Public Policy

What Can Healthcare Prices Teach About Inflationary Woes?

– June 18, 2022

“Unfortunately, addressing inflation may be more of an incentive problem than a ‘what policy should we adopt’ problem. Examining the US’s healthcare industry through the lens of public choice economics provides evidence.” ~ Raymond J. March

Crisis, Economic Education, Inflation, Monetary Policy

FOMC Projects Even Higher Inflation

– June 17, 2022

“The Fed is not even committed to bringing inflation back down to 2 percent very quickly. The median FOMC member currently projects inflation will remain above target through 2024. We had better get used to high inflation. We will likely be dealing with it for years.” ~ William J. Luther & Morgan Timmann

Crisis, Financial Markets, Government, Inflation

No, Putin Didn’t Cause Inflation

– June 13, 2022

“Allowing politicians to blame Putin, corporations, shipping firms, billionaires, insufficient taxation, ‘greed,’ or other tired scapegoats is erroneous and misleading.” ~ Peter C. Earle

Crisis, Government, Inflation

A Time for Reckoning

– June 13, 2022

“We’ve reached the end of the road, and found that the people who must ultimately pay for unlimited government is us. Whether through taxes or inflation, pay we will.” ~ Antony Davies

Central Banking, Economic Education, Inflation, Monetary Policy

We Still Need Milton Friedman

– June 13, 2022

“Monetary policy should be about money—not specific markets, but their common denominator. The sooner we enlist Friedman to help ‘run the show,’ the faster we can clean up our economic messes.” ~ Alexander William Salter

Crisis, Economic Education, Inflation, Monetary Policy

Putting “Money” Back in “Monetary Policy:” A Response to Dan McLaughlin

– June 11, 2022

“The way we fix things is by carefully diagnosing demand-side and supply-side problems. When it comes to demand, we’re talking about central bank activity. Unfortunately, none of McLaughlin’s four points are in the ballpark.” ~ Alexander William Salter

Crisis, Financial Markets, Inflation, Monetary Policy

Making Sense of Monetary Policy and the Future of Inflation

– June 10, 2022

“The expansion of circulating currency has diminished to rates comparable to pre-pandemic lows. These factors and the current state of business inventories suggest that inflationary pressures are likely near their limit.” ~ James L. Caton

Central Banking, Inflation, Monetary Policy

Are Supply Chain Issues Driving Inflation?

– June 8, 2022

“Inflation can be a serious problem, especially if it becomes persistent. Yet, the willingness of politicians to blame supply disturbances and corporations rather than acknowledging that loose monetary policy is largely responsible for today’s inflation is even more worrisome.” ~ Nicolás Cachanosky