Inflation & Taxes
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The Real Cost of $40 Trillion in Debt
Unchecked spending has pushed the federal debt to $40 trillion, weakening the economy and limiting the nation’s options when the next emergency arrives.
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Why Economists Leave Government Spending Out of Inflation Measures
The CPI captures the rising cost of private consumption while leaving the rising cost of government consumption out of the equation.
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The Lesson of 1971 Was Never About Gold
President Nixon abandoned the gold standard. The deeper problem was a monetary system dependent on political judgment.
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How Congress Turned Budget Reconciliation Into a Tool for More Spending
A process designed to overcome political obstacles to deficit reduction is now helping Congress avoid the reforms that matter most.
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One Month of Falling Prices Won’t Restore Price Stability
June’s PCE report showed prices falling as energy prices retreated, but underlying inflation and nominal spending remain too strong.
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The Fed Is Expected to Hold Rates. The Rules Say It Shouldn’t
If the Fed leaves rates unchanged this week, the September meeting will take on added importance.
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Getting Unemployment Insurance Back to Work
The pandemic exposed weaknesses that had accumulated over decades.
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The Baseball Tax That Made the Great Depression Worse
Nothing’s more American than baseball and taxes, but combining the two in 1932 cost millions their affordable day out.
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Welcome to Trillionistan. Don’t Get Comfortable.
Not all trillions — debts, valuations, investments — are created equal. Huge nominal numbers often obscure the institutions and incentives that produced them.
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•
AIER Everyday Price Index Down Slightly After Spring Cost Surge
Our in-house inflation measure fell one percent, though core household expenses continue to climb. Post-surge relief from gasoline prices concealed smaller effects, buying the Fed some time.
-
•
The Real Cost of $40 Trillion in Debt
Unchecked spending has pushed the federal debt to $40 trillion, weakening the economy and limiting the nation’s options when the next emergency arrives.
-
•
Why Economists Leave Government Spending Out of Inflation Measures
The CPI captures the rising cost of private consumption while leaving the rising cost of government consumption out of the equation.
-
•
The Lesson of 1971 Was Never About Gold
President Nixon abandoned the gold standard. The deeper problem was a monetary system dependent on political judgment.
-
•
How Congress Turned Budget Reconciliation Into a Tool for More Spending
A process designed to overcome political obstacles to deficit reduction is now helping Congress avoid the reforms that matter most.
-
•
One Month of Falling Prices Won’t Restore Price Stability
June’s PCE report showed prices falling as energy prices retreated, but underlying inflation and nominal spending remain too strong.
-
•
The Fed Is Expected to Hold Rates. The Rules Say It Shouldn’t
If the Fed leaves rates unchanged this week, the September meeting will take on added importance.
-
•
Getting Unemployment Insurance Back to Work
The pandemic exposed weaknesses that had accumulated over decades.
-
•
The Baseball Tax That Made the Great Depression Worse
Nothing’s more American than baseball and taxes, but combining the two in 1932 cost millions their affordable day out.
-
•
Welcome to Trillionistan. Don’t Get Comfortable.
Not all trillions — debts, valuations, investments — are created equal. Huge nominal numbers often obscure the institutions and incentives that produced them.
-
•
AIER Everyday Price Index Down Slightly After Spring Cost Surge
Our in-house inflation measure fell one percent, though core household expenses continue to climb. Post-surge relief from gasoline prices concealed smaller effects, buying the Fed some time.