Topic: Inflation

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

Central Banking, Inflation, Monetary Policy

When Did The Fed Change Its Tune?

– June 3, 2022

“The Fed could have—and should have—taken prompt action to bring down inflation. It didn’t. Now inflation is much higher—and much harder to deal with—than it otherwise would have been.” ~ William J. Bergman & William J. Luther

Economic Education, Inflation, Monetary Policy

Yes, Supply Problems Can Cause Inflation

– June 1, 2022

“We use models, mathematical or otherwise, because they help us understand the real world. Let’s not define that world out of existence. Supply problems can, in fact, cause inflation.” ~ Alexander William Salter

Financial Markets, Inflation, Monetary Policy

Inflation Slowed in April, But Remains High

– May 30, 2022

“The Fed increased its federal funds rate target by 50 basis points in May 2022 and looks set to follow with similar rate hikes in June and July. The price level data from April shows no anticipatory effects of the policy.” ~ William J. Luther

Crisis, Economic History, Government, Inflation

Preparing for Payment System Fragility

– May 23, 2022

“Inflation creates many problems, including an increased risk of payment system glitches, like the shuttering of banking and credit card networks, leaving individuals economically stranded.” ~ Robert E. Wright

Crisis, Inflation, Monetary Policy, Video

Who Is to Blame for Inflation? (Video)

– May 20, 2022

“Is ‘Putin’s Price Hike’ real? Are supply chain disturbances the most significant source of inflation, or is there more to the story? Thomas Hogan gives us his perspective on the causes of inflation.” ~ Kate Wand