Inflation
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President Biden’s Inflation Malarkey
“Dollar depreciation is why prices are rising. The Fed’s monetary policy, aided and abetted by the President’s and Congress’s massive deficits, are the real cause.” ~ Alexander W. Salter
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Some Unpleasant Federal Reserve Arithmetic
“While the Fed is trying to remove the punch bowl with its left hand by raising interest rates, it is trying to put the punch bowl back with its right hand by adding $20+ billion each month in new money to the financial system and periodic ‘assistance’ programs adding even more liquidity to the market.”…
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AIER’s Everyday Price Index Declines Slightly in May 2023
“A slew of contradictory data muddying the assessment of the monetary tightening measures has recently been released.” ~ Peter C. Earle
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American Economic Renewal: Demand-Side Foundations of Supply-Side Prosperity
“The economic might of the United States is built on free enterprise. The assaults on private property and the rule of law by Washington insiders threaten the system on which our prosperity depends.” ~ Alexander W. Salter
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Too Much Power?
“Time will tell if future Fed officials are as resistant to political pressures as its current leadership, succumb to seemingly ever-resurgent MMT influences, or exercise great responsibility in maintaining a sound monetary policy.” ~ David Gillette and Lauren Frazier
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Business Conditions Monthly April 2023
“AIER’s April Business Conditions Monthly indicators reflect the disparate, and to some extent offsetting economic signals emergent within the US economy today.” ~ Peter C. Earle
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We Are Measuring Inflation All Wrong: Non-Housing Inflation is Very Low
“Lagged OER and rent overstated inflation by more than two percentage points over the past ten months – raising it to 3.3 percent from 0.6 percent.” ~ Alan Reynolds
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Has the Disinflation Process Stalled?
“Fed officials may worry that the disinflation process has stalled. For this reason, the latest data likely increases uncertainty about the future course of monetary policy.” ~ William J. Luther
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What’s Next for the Fed?
“A wide range of outcomes are still possible for 2023, ranging from stagflation to a ‘soft landing.'” ~ Thomas L. Hogan
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The Greedflation Myth
“Politicians on the left would like us to believe inflation is caused by greedy corporations. And some academics are all too happy to provide them with theoretical cover.” ~ William J. Luther
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•
President Biden’s Inflation Malarkey
“Dollar depreciation is why prices are rising. The Fed’s monetary policy, aided and abetted by the President’s and Congress’s massive deficits, are the real cause.” ~ Alexander W. Salter
-
•
Some Unpleasant Federal Reserve Arithmetic
“While the Fed is trying to remove the punch bowl with its left hand by raising interest rates, it is trying to put the punch bowl back with its right hand by adding $20+ billion each month in new money to the financial system and periodic ‘assistance’ programs adding even more liquidity to the market.”…
-
•
AIER’s Everyday Price Index Declines Slightly in May 2023
“A slew of contradictory data muddying the assessment of the monetary tightening measures has recently been released.” ~ Peter C. Earle
-
•
American Economic Renewal: Demand-Side Foundations of Supply-Side Prosperity
“The economic might of the United States is built on free enterprise. The assaults on private property and the rule of law by Washington insiders threaten the system on which our prosperity depends.” ~ Alexander W. Salter
-
•
Too Much Power?
“Time will tell if future Fed officials are as resistant to political pressures as its current leadership, succumb to seemingly ever-resurgent MMT influences, or exercise great responsibility in maintaining a sound monetary policy.” ~ David Gillette and Lauren Frazier
-
•
Business Conditions Monthly April 2023
“AIER’s April Business Conditions Monthly indicators reflect the disparate, and to some extent offsetting economic signals emergent within the US economy today.” ~ Peter C. Earle
-
•
We Are Measuring Inflation All Wrong: Non-Housing Inflation is Very Low
“Lagged OER and rent overstated inflation by more than two percentage points over the past ten months – raising it to 3.3 percent from 0.6 percent.” ~ Alan Reynolds
-
•
Has the Disinflation Process Stalled?
“Fed officials may worry that the disinflation process has stalled. For this reason, the latest data likely increases uncertainty about the future course of monetary policy.” ~ William J. Luther
-
•
What’s Next for the Fed?
“A wide range of outcomes are still possible for 2023, ranging from stagflation to a ‘soft landing.'” ~ Thomas L. Hogan
-
•
The Greedflation Myth
“Politicians on the left would like us to believe inflation is caused by greedy corporations. And some academics are all too happy to provide them with theoretical cover.” ~ William J. Luther