Inflation
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Inflation Picked Up in June, as Tariffs Pass Through
June’s uptick is attributable to tariffs on foreign-made goods. The rate of inflation will stabilize, but higher prices are here to stay.
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Fed Holds Rates Steady Amid Political Pressure
The Federal Open Market Committee resisted calls from President Trump and others to cut rates, apparently satisfied with employment levels and the pace of growth.
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IOUs to Inflation: The Realistic Limits of Magic Money Theory
Despite what Modern Monetary Theorists and other Fed fantasists would have you believe, we can’t print our way out of debt. Deficits will meet reality.
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When Doing Nothing Is Doing Harm: Powell’s Misstep on Tariffs and the Neutral Rate
The Fed’s passive tightening could have active economic consequences. Trade uncertainty is dragging down the neutral rate.
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Business Conditions Monthly May 2025
Investors are willing to risk a little more as trade war threats normalize. Some sectors show ongoing weakness, but economic activity sputtered forward.
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The Real Debt Threat: Government Spending, Not Tax Cuts
Washington’s dismal fiscal situation is driven by out-of-control government. Spending, Congress and Larry Summers, is what keeps the debt mounting.
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Inflated Worries: Don’t Sweat June’s Hot Prices
June’s inflation is a seasonal housing spike in disguise. Data suggest monetary policy is slightly tight.
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AIER’s Everyday Price Index Jumps 0.51 percent in June 2025
A recent surge in everyday costs is closely tied to import-heavy categories now facing steep tariffs from China and Mexico.
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No Bailouts: Milei Serious About Federalism
Argentina’s constitution allows provinces to issue their own currencies, so long as they also shoulder the fiscal consequences.
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Are Tariffs Really Inflationary?
Tariffs can be inflationary if they reduce real economic output, but the size of the effect matters.
-
•
Inflation Picked Up in June, as Tariffs Pass Through
June’s uptick is attributable to tariffs on foreign-made goods. The rate of inflation will stabilize, but higher prices are here to stay.
-
•
Fed Holds Rates Steady Amid Political Pressure
The Federal Open Market Committee resisted calls from President Trump and others to cut rates, apparently satisfied with employment levels and the pace of growth.
-
•
IOUs to Inflation: The Realistic Limits of Magic Money Theory
Despite what Modern Monetary Theorists and other Fed fantasists would have you believe, we can’t print our way out of debt. Deficits will meet reality.
-
•
When Doing Nothing Is Doing Harm: Powell’s Misstep on Tariffs and the Neutral Rate
The Fed’s passive tightening could have active economic consequences. Trade uncertainty is dragging down the neutral rate.
-
•
Business Conditions Monthly May 2025
Investors are willing to risk a little more as trade war threats normalize. Some sectors show ongoing weakness, but economic activity sputtered forward.
-
•
The Real Debt Threat: Government Spending, Not Tax Cuts
Washington’s dismal fiscal situation is driven by out-of-control government. Spending, Congress and Larry Summers, is what keeps the debt mounting.
-
•
Inflated Worries: Don’t Sweat June’s Hot Prices
June’s inflation is a seasonal housing spike in disguise. Data suggest monetary policy is slightly tight.
-
•
AIER’s Everyday Price Index Jumps 0.51 percent in June 2025
A recent surge in everyday costs is closely tied to import-heavy categories now facing steep tariffs from China and Mexico.
-
•
No Bailouts: Milei Serious About Federalism
Argentina’s constitution allows provinces to issue their own currencies, so long as they also shoulder the fiscal consequences.
-
•
Are Tariffs Really Inflationary?
Tariffs can be inflationary if they reduce real economic output, but the size of the effect matters.