Topic: Inflation

Economic Trends, Inflation, Sound Money Project

Inflation is Back on Target

– August 31, 2023

“People have renegotiated their wages and purchase orders with those new expectations in mind. To course correct at this late stage would amount to a very painful contraction.” ~ William J. Luther

Central Banking, Inflation, Monetary Policy, Sound Money Project

Whipped Inflation Now

– August 26, 2023

“The battle for 2 percent inflation has already been won. Fed officials should acknowledge and celebrate the victory.” ~ William J. Luther

Central Banking, Inflation, Monetary Policy

Inflation: Expected and Unexpected

– August 21, 2023

“Expectations may be rational, but this doesn’t mean they’re right. And, this doesn’t mean there won’t be hell to pay when they’re wrong.” ~ Clifford Thies

Central Banking, Inflation, Monetary Policy, Sound Money Project

Alan Blinder’s Inflationary Incoherence

– August 16, 2023

“There’s nothing wrong with making incorrect predictions. It happens to all of us. There is something wrong with obstinacy in the face of overwhelming contradictory evidence..” ~ Alexander W. Salter

Central Banking, Inflation, Monetary Policy

Disinflation Dreams and Keynesian Confusion

– August 14, 2023

“America’s central bank has a lot of work to do to restore its lost credibility. Nevertheless, we have reasons to be optimistic.” ~ Alexander W. Salter

Business Conditions, Everyday Price Index, Inflation

AIER’s Everyday Price Index Rises 0.34 percent in July 2023

– August 10, 2023

“Ninety percent of the increase in the headline index was accounted for by increases in shelter costs, with additional contributions from motor vehicle insurance and food at home prices.” ~ Peter C. Earle

Inflation, Monetary Policy, Sound Money Project

John Cochrane Offers Incomplete Explanation of Inflation

– August 9, 2023

“His analysis implies the Fed could buy every financial asset in the world without causing inflation.” ~ Alexander W. Salter

Central Banking, Inflation, Sound Money Project

The Fed Hits 3,000 Percent Inflation

– August 3, 2023

“US inflation was not always as persistently high as it has been under the Fed. Before the Fed, the purchasing power of the dollar was determined by supply of and demand for gold.” ~ Thomas L. Hogan

Business Conditions, Economic Trends, Inflation

Business Conditions Monthly June 2023

– August 2, 2023

“At present we continue to believe that the US will enter a recession by September 2024, but will adjust our perspectives if and when necessary as new data and facts become available.” ~ Peter C. Earle

Central Banking, Inflation, Monetary Policy, Sound Money Project

Disinflation good, Fed bad

– August 2, 2023

“There’s no way for non-market actors to direct credit more reliably than market actors. The discipline of profit and loss is essential.” ~ Alexander W. Salter

Central Banking, Inflation, Monetary Policy, Sound Money Project

Will Lower Inflation Halt Rate Hikes?

– July 29, 2023

“No matter how you slice it, real rates look sufficiently restrictive to bring down inflation. Indeed, they may be overly restrictive at this stage in the tightening cycle.” ~ William J. Luther

Central Banking, Inflation, Monetary Policy

FOMC Raises Rates in July

– July 26, 2023

“The Fed’s experiment with ‘average inflation targeting,’ which made policy even more discretionary and hence less predictable, has been a failure. It’s time for the Fed to recommit to credible price stability.” ~Alexander W. Salter