Monetary Economics
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AIER’s Everyday Price Index Declines Most Since December 2022
“The October inflation release provides a welcome respite from resurgent price increases over the past few months. But while the most recent CPI and EPI readings relay a positive state of affairs in the resumption of disinflation, challenges and uncertainties persist.” ~Peter C. Earle
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Dollarization Is A Cost-Effective Solution for Argentina
“If Argentina lacks the resources for dollarization, it most certainly does not possess the means to rescue the peso. The alternative is to continue on the current course, and approach dollarization under circumstances akin to Zimbabwe.” ~Nicolas Cachanosky
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WeInflate, WeMalinvest, WeWork
“Companies founded in easy money periods will tend to be the most vulnerable. Many firms will survive the credit crunch, but few will emerge unscathed.” ~Peter C. Earle
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Business Conditions Monthly September 2023
“While we refrain from providing a specific magnitude for our recession forecast and acknowledge the possibility of inaccuracies or outright error, we maintain our contention that the US will enter an economic recession by September 2024.” ~Peter C. Earle
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The FOMC Was Right to Not Hike
“The best approach for the FOMC is to keep its rate target where it is. We should wait for additional inflation data in November before calling for even-tighter monetary policy.” ~Alexander W. Salter
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Gobbledegook! The Bretton Woods System of Fixed Exchange Rates According to E.C. Harwood
“In 1954, Harwood testified in the US Senate about the ‘advantages of returning to the full gold standard with the nation’s currency redeemable in gold coin on demand,’ as it had been throughout most of the nation’s history before the New Deal.” ~Robert E. Wright
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Inflation Remains High in September
“The Fed should keep monetary policy tight as inflation returns to its 2-percent target. But if it tightens too much, it will push the economy into an unnecessary and painful recession.” ~William J. Luther
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Alan Blinder: Let Them Eat Disinflation
“Blinder thinks deflation always and everywhere causes economic harm. ‘It takes a truly sick economy to cause deflation,’ he warns. But he’s wrong.” ~Alexander W. Salter
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The IMF is Wrong – and Right – About Crypto
“The IMF and FSB’s recommendations are transparently pro-government and anti-citizen. They overstate the potential harm of cryptocurrencies and propose monitoring systems that would benefit tyrannical governments at the expense of the public.” ~Thomas L. Hogan
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Argentina’s Canary in the Coalmine
“How can one compare the US to Argentina, which has suffered a century of political instability, and has been a darling of IMF case studies for the past 40 years?” ~Nikolai G. Wenzel and Valentina Yayi Morales
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•
AIER’s Everyday Price Index Declines Most Since December 2022
“The October inflation release provides a welcome respite from resurgent price increases over the past few months. But while the most recent CPI and EPI readings relay a positive state of affairs in the resumption of disinflation, challenges and uncertainties persist.” ~Peter C. Earle
-
•
Dollarization Is A Cost-Effective Solution for Argentina
“If Argentina lacks the resources for dollarization, it most certainly does not possess the means to rescue the peso. The alternative is to continue on the current course, and approach dollarization under circumstances akin to Zimbabwe.” ~Nicolas Cachanosky
-
•
WeInflate, WeMalinvest, WeWork
“Companies founded in easy money periods will tend to be the most vulnerable. Many firms will survive the credit crunch, but few will emerge unscathed.” ~Peter C. Earle
-
•
Business Conditions Monthly September 2023
“While we refrain from providing a specific magnitude for our recession forecast and acknowledge the possibility of inaccuracies or outright error, we maintain our contention that the US will enter an economic recession by September 2024.” ~Peter C. Earle
-
•
The FOMC Was Right to Not Hike
“The best approach for the FOMC is to keep its rate target where it is. We should wait for additional inflation data in November before calling for even-tighter monetary policy.” ~Alexander W. Salter
-
•
Gobbledegook! The Bretton Woods System of Fixed Exchange Rates According to E.C. Harwood
“In 1954, Harwood testified in the US Senate about the ‘advantages of returning to the full gold standard with the nation’s currency redeemable in gold coin on demand,’ as it had been throughout most of the nation’s history before the New Deal.” ~Robert E. Wright
-
•
Inflation Remains High in September
“The Fed should keep monetary policy tight as inflation returns to its 2-percent target. But if it tightens too much, it will push the economy into an unnecessary and painful recession.” ~William J. Luther
-
•
Alan Blinder: Let Them Eat Disinflation
“Blinder thinks deflation always and everywhere causes economic harm. ‘It takes a truly sick economy to cause deflation,’ he warns. But he’s wrong.” ~Alexander W. Salter
-
•
The IMF is Wrong – and Right – About Crypto
“The IMF and FSB’s recommendations are transparently pro-government and anti-citizen. They overstate the potential harm of cryptocurrencies and propose monitoring systems that would benefit tyrannical governments at the expense of the public.” ~Thomas L. Hogan
-
•
Argentina’s Canary in the Coalmine
“How can one compare the US to Argentina, which has suffered a century of political instability, and has been a darling of IMF case studies for the past 40 years?” ~Nikolai G. Wenzel and Valentina Yayi Morales