Topic: Inflation

US Economic Growth Plunges in First Quarter 2024

– April 26, 2024

“Much of the post-COVID economic growth has been built atop the unsustainable pillars of fiscal and monetary stimuli.” ~Peter C. Earle

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The New Zimbabwean ZiG: Sixth Time a Charm?

– April 25, 2024

“Even the most faithfully implemented commodity-backed money standard is fundamentally predicated on the integrity and competence of its overseers.” ~Peter C. Earle

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Why Haven’t We Whipped Inflation Yet?

– April 19, 2024

“The best we can do is recalibrate models when we get new data. But that’s like driving the car while looking out the rearview window…hardly ideal for knowing how to adjust your steering.” ~Alexander W. Salter

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Binder’s Response to Kupiec’s Review of ‘Shock Values’

– April 16, 2024

“Each experiment with price controls has been different. I think it is useful to acknowledge that some have been worse than others, and even that some consequences have been good.” ~Carola Binder

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Inflation We Can Feel But Don’t Measure

– April 16, 2024

“Regardless of whether one thinks that the CPI should include interest rates and/or asset prices, it seems clear that consumers factor in these costs when evaluating the cost of living.” ~Joshua R. Hendrickson

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How the US Treasury Induced a New Era of Swiss Monetary Policy

– April 11, 2024

“Central bankers are told that their domestic monetary policy obligations…must be balanced with or even subjugated to currency management practices that accommodate American exporters and competitors more broadly.” ~Mariana F. Trujillo and Peter C. Earle

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AIER Everyday Price Index Hits All-Time Record in March 2024

– April 10, 2024

“It is increasingly clear that the choice to stop rate hikes at the 5.25 to 5.50 policy rate range was at best premature and may ultimately prove insufficient.” ~Peter C. Earle

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The Fed and Political Independence: It’s Complicated

– April 5, 2024

“We should focus less on who’s allowed to run the Fed and more on what the Fed’s allowed to do in the first place.” ~Alexander W. Salter

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Inflation Remained Elevated in February

– March 29, 2024

“Market participants continue to expect three cuts this year — and that those cuts will begin in the first half of the year. But they have adjusted the odds.” ~William J. Luther

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Baseball, a Beer, and a Dog

– March 29, 2024

“The most expensive beer in the major leagues is found where everything seems to be most expensive: Washington, DC. At Nationals Park a single beer will set you back $14.99.” ~James R. Harrigan

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Biden’s ‘Strike Force’ Recalls Nixon’s Economic Plan

– March 29, 2024

“The so-called Strike Force is likely to act as a bludgeon for government attacks on private interests, and in particular, those viewed as adversaries to the administration.” ~Peter C. Earle

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“The Price of Time” and Broken Central Banking

– March 26, 2024

“The unique value of Chancellor’s book, beyond tracing this intellectual history of interest and illustrating it by financial debacles up and down the centuries, is to connect the social and market outcomes with the broken money markets.” ~Joakim Book

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