Inflation
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Who Bears the Burden of Dollars’ Falling Purchasing Power?
“Inflation is not a one-trick pony, with an easily predictable outcome. Rather, it does several things at the same time. Looking at claims like the eradication of a dollar’s purchasing power is misleading: it is not the case that inflation has ripped off savers by eradicating 97% of their savings’ worth.” ~ Joakim Book
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Why Aren’t Anti-Money-Laundering Regulations Adjusted for Inflation?
Banks and other financial institutions are required by law to implement measures for catching money launderers. Over the decades, these obligations have been getting more onerous due to new rules and the tightening of existing rules. They have also become more onerous because of inflation. Anti-money-laundering (AML) rules set a number of fixed-dollar trigger points.…
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LIBOR Is Out, SOFR Is in: What It Means
That the LIBOR fixings were manipulated was an open secret among financial market participants stretching back to the late 1980s
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GAO Endorses Small Change
In a recent report, the Government Accountability Office recommends altering the metal content of the nickel and casts doubt on the benefits of suspending production of the penny.
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MMT Is a Recipe for Revolution
MMT in the colonial period often led to periods of ruinous inflation and, less well-understood, revolution-inducing deflation.
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Why Dollarization Doesn’t Work in Zimbabwe
Replacing a country’s failed currency with a reserve currency such as the dollar – so called “dollarization” – is not as easy as it sounds.
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Inflation in the News, but What Is It?
Always ask yourself: when using the term “inflation,” what are you seeking to explain? If it is monetary policy, you are best off looking at monetary statistics. If it is prices, follow the Everyday Price Index. If it is the relationship between monetary policy and prices, follow good economic theory.
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How Fake Economics Perpetuates Itself
The news has been packed with fake economics for the weeks since the correction in stocks began. Story after story has claimed that rising wages could translate into higher inflation, setting off fear and trembling on Wall Street. These claims have caused anyone with contemporary economics knowledge to slap their heads with exasperation. This is…
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Cryptocurrencies, Education and Public Opinion
Just how much will peoples’ attitudes have to change to allow widespread adoption of a private cryptocurrency like Bitcoin or Ethereum?
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Bracket Creep: A Real Problem for Taxpayers
Nothing raises Americans’ ire more than tax increases, but most of us don’t know that we face a hidden income-tax hike almost every year that the economy grows.
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•
Who Bears the Burden of Dollars’ Falling Purchasing Power?
“Inflation is not a one-trick pony, with an easily predictable outcome. Rather, it does several things at the same time. Looking at claims like the eradication of a dollar’s purchasing power is misleading: it is not the case that inflation has ripped off savers by eradicating 97% of their savings’ worth.” ~ Joakim Book
-
•
Why Aren’t Anti-Money-Laundering Regulations Adjusted for Inflation?
Banks and other financial institutions are required by law to implement measures for catching money launderers. Over the decades, these obligations have been getting more onerous due to new rules and the tightening of existing rules. They have also become more onerous because of inflation. Anti-money-laundering (AML) rules set a number of fixed-dollar trigger points.…
-
•
LIBOR Is Out, SOFR Is in: What It Means
That the LIBOR fixings were manipulated was an open secret among financial market participants stretching back to the late 1980s
-
•
GAO Endorses Small Change
In a recent report, the Government Accountability Office recommends altering the metal content of the nickel and casts doubt on the benefits of suspending production of the penny.
-
•
MMT Is a Recipe for Revolution
MMT in the colonial period often led to periods of ruinous inflation and, less well-understood, revolution-inducing deflation.
-
•
Why Dollarization Doesn’t Work in Zimbabwe
Replacing a country’s failed currency with a reserve currency such as the dollar – so called “dollarization” – is not as easy as it sounds.
-
•
Inflation in the News, but What Is It?
Always ask yourself: when using the term “inflation,” what are you seeking to explain? If it is monetary policy, you are best off looking at monetary statistics. If it is prices, follow the Everyday Price Index. If it is the relationship between monetary policy and prices, follow good economic theory.
-
•
How Fake Economics Perpetuates Itself
The news has been packed with fake economics for the weeks since the correction in stocks began. Story after story has claimed that rising wages could translate into higher inflation, setting off fear and trembling on Wall Street. These claims have caused anyone with contemporary economics knowledge to slap their heads with exasperation. This is…
-
•
Cryptocurrencies, Education and Public Opinion
Just how much will peoples’ attitudes have to change to allow widespread adoption of a private cryptocurrency like Bitcoin or Ethereum?
-
•
Bracket Creep: A Real Problem for Taxpayers
Nothing raises Americans’ ire more than tax increases, but most of us don’t know that we face a hidden income-tax hike almost every year that the economy grows.