Topic: Inflation

Central Banking, Government, Inflation, Monetary Policy

What Should Be Done to Fight Inflation? A U.S. Lawmaker Interviews Two Michigan Economists

– March 18, 2022

“The conversation centered around recent comments by US Federal Reserve Bank Chairman Jerome Powell, and how the Federal Reserve intends to bring our 40-year high inflation rate down to levels prior to 2021.” ~ Dr. Timothy G. Nash

Central Banking, Economic Education, Inflation, Monetary Policy

FOMC Projects Higher Inflation

– March 18, 2022

“Fed Chair Jerome Powell’s November statement killed the idea that inflation would be transitory. The most recent projections from the FOMC show how deeply that idea has been buried.” ~ William J. Luther & Morgan Timmann

Economic Education, Free Markets, Government, Inflation

How to Think about Inflation

– March 13, 2022

“If we want to understand inflation, we need a framework to organize our thoughts. Economies are fiendishly complex; without a model that helps us focus on the relevant details, we’re lost in the woods.” ~ Alexander William Salter

Free Markets, Government, Inflation, Monetary Policy

Do Greedy Countries Have Higher Inflation?

– March 11, 2022

“Blaming big corporations for inflation no doubt serves the political interests of Sens. Warren and Sanders. But it is inconsistent with the available data. That is not surprising: It is inconsistent with standard monetary economics as well.” ~ Nicolás Cachanosky

Crisis, Inflation, Monetary Policy

Inflation Rips Ahead of March FOMC Meeting

– March 1, 2022

“The Fed should acknowledge that the inflation problem is much worse than it thought when it sets its course of action and adjust course accordingly. More likely, it will stay the course—and inflation will continue to outpace its projections.” ~ William J. Luther

Economic Education, History, Inflation, Monetary Policy

What Can the US Learn from Argentina’s Inflation?

– February 24, 2022

“We can learn by looking at countries that have employed these strategies before. Inflation in the U.S. has been modest by Argentine standards. To keep it that way, the US must avoid repeating Argentina’s mistakes.” ~ Nicolás Cachanosky

Economic Education, Inflation, Monetary Policy

Inflation Exceeds Fed’s Projection

– February 17, 2022

“I chalk it up to wishful thinking. Fed officials were not yet willing to tighten monetary policy. They hoped inflation would get better on its own. It didn’t, and their projections underestimated inflation as a result.” ~ William J. Luther

Crisis, Government, Inflation, Young Voices

Scapegoating Inflation Will Only Make It Worse

– February 11, 2022

“For the sake of the economy and your grocery bills, let’s hope the administration’s threats of antitrust and price controls are not serious. If the administration really wants to tackle inflation, it needs the Fed to rein in its reckless monetary policy. ~ Kat Dwyer

Crisis, Fiscal Policy, Government, Inflation

Fiscal Policy and Inflation

– February 10, 2022

“When it comes to fiscal policy, we’re off the edge of the map. The typical stories told by unreconstructed Keynesians are clearly wrong. But that doesn’t mean we never need to worry about fiscal inflation.” ~ Alexander W. Salter

Central Banking, Inflation, Monetary Policy, Unemployment

Is This What Monetary Tightening Looks Like?

– February 6, 2022

“When will the Federal Reserve begin to unwind its balance sheet this time? If the meeting minutes indicate the trajectory of policy, reductions will begin within the next two years.” ~ James L. Caton

Crisis, Government, Inflation

Price Controls?!

– February 1, 2022

“Price controls are a bad idea. But support for them appears to be growing. They are a terrible tool for dealing with inflation. They make no effort to reduce nominal spending. And they exacerbate supply constraints.” ~ William J. Luther

Central Banking, Inflation, International

Death by Inflation or by Interest Rate Hikes?

– February 1, 2022

“If central banks protect the value of the currency, they will create an economic crisis. If they try to avoid the economic crisis, they will destroy the value of the currency and cause a monetary crisis anyway.” ~ Daniel Fernández