Topic: Monetary Policy

Inflation, Monetary Policy, Sound Money Project

Inflation On Target in December

– January 26, 2024

“Monetary policy remains very tight. Interest rates are much higher than they were just prior to the pandemic. And the Fed is no longer accommodating expansionary fiscal policy.” ~William J. Luther

Central Banking, Inflation, Monetary Policy

Profits Do Not Cause Inflation: Causal Fallacies as Economic Disinformation

– January 23, 2024

“Fortunately, the idea that thousands of businesses have colluded to raise prices, boosting their profit margins and engineering the inflation that continues to afflict Americans, is easily disproven.” ~Peter C. Earle

Crisis, Fiscal Policy, Inflation, Monetary Policy

Meet the Economist NPR Interviewed to Explain Why America’s $34 Trillion Debt Is Definitely Not a Problem

– January 17, 2024

“Printing mass amounts of money cannot solve the problem of scarcity. This fundamental economic reality, that we have limited resources and limitless wants, seems lost on Kelton.” ~Jon Miltimore

Central Banking, Currency, Monetary Policy

Can BRICS Displace the Dollar?

– January 15, 2024

“The noise from BRICS about creating their own reserve currency and abandoning the dollar is little more than noise. As irresponsible as the Fed has been, BRICS policymakers apparently want to inflate faster than even the Fed will allow.” ~Robert F. Mulligan

Central Banking, Inflation, Monetary Policy, Sound Money Project

Happy New Year! Have Some Inflation

– January 13, 2024

“After a rough couple of rounds, inflation has come out swinging. It doesn’t have the legs for a knockout punch, but it remains a troublesome opponent.” ~Alexander W. Salter

Business Conditions, Everyday Price Index, Inflation, Monetary Policy

AIER’s Everyday Price Index Ends 2023 with Third Consecutive Monthly Decline

– January 12, 2024

“The recent reduction in disinflationary pressures related to core goods, which had been a significant factor in easing price pressures in recent months, seems to have diminished.” ~Peter C. Earle

Fiscal Policy, Inflation, International, Monetary Policy

Economic Revolution in Argentina: A Wake-Up Call for America’s Fiscal Future

– January 1, 2024

“We can’t be too proud to take a tip from Argentina. The perilous outcomes of unchecked government spending can manifest anywhere.” ~Vance Ginn

Inflation, Monetary Policy, Sound Money Project

Inflation: It’s Not the Supply Side

– December 31, 2023

” Some combination of fiscal and monetary policy remains the best explanation for the once-in-a-generation inflation rates that peaked in summer 2022, as well as their gradual decline.” ~Alexander W. Salter

Books, Currency, Inflation, Monetary Policy

On Monetary Premia

– December 31, 2023

“One day we might look back at our cottage industry of diversified funds, tax-favored retirement accounts, capital gains taxes, clever accountants, hedge fund managers, Fed watchers, and army of central bank economists as positively medieval.” ~Joakim Book

Central Banking, Inflation, Monetary Policy, Sound Money Project

Inflation Undershoots Fed Projections

– December 23, 2023

“The FOMC changed course last week, foregoing a previously projected rate hike and projecting deeper rate cuts in 2024 than previously anticipated. But those rate cuts may come too late.” ~William J. Luther

Economic Trends, Inflation, Monetary Policy, Sound Money Project

The Inflationary-Profits Hypothesis is Mush

– December 18, 2023

“Once a bastion of sound reporting, the Wall Street Journal’s economy desk is slowly descending into incoherence…Simple economics demonstrates why the inflationary-profits hypothesis is bunk.” ~Alexander W. Salter

Central Banking, Inflation, Monetary Policy, Sound Money

FOMC Holds Rates, Revises Projections

– December 14, 2023

“After months of worrying that they had not yet done enough, FOMC members now seem to think they have a handle on inflation and will see it gradually return to 2 percent. Let’s hope they are correct.” ~William J. Luther