Moderate Inflation Returns in July
"To judge whether monetary policy is loose, it is not enough to show that monetary aggregates…
There’s Nothing Conservative about Deficits and Debt
"Interest payments now suck up more of the federal budget, leaving less to spend on important…
Consumer Prices Decline in June
"Interest rates tell us monetary policy is very tight. The money supply tells us monetary…
There’s No Good Reason to Raise the Inflation Target
"Why not give the central bank a wider berth, if it helps to stabilize the economy? Because it…
Prices Stable in May: Time to Cut Rates?
"M2, the most commonly cited measure of the money supply, is up 0.53 percent from a year ago.…
Congress Overspends, but the Fed Inflates
"At most, large deficits impelled the Fed to support the market for government debt by…
The Inflationary-Profits Hypothesis is Mush
"Once a bastion of sound reporting, the Wall Street Journal’s economy desk is slowly descending…
Alan Blinder’s Inflationary Incoherence
"There’s nothing wrong with making incorrect predictions. It happens to all of us. There is…
John Cochrane Offers Incomplete Explanation of…
"His analysis implies the Fed could buy every financial asset in the world without causing…
Biden’s Bad Bet: How Regulation Kills Economic Growth
"We need to do two things to clean up this mess: unshackle the economy and shackle the…
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