What are the contradictory trends and policy choices? And does the Inflation Reduction Act live up to its name?
Federal Reserve
Posted inEconomic Policy
Bowman Proposes Bill to Recommend Price Controls
New legislation would study corporate profits and give President Biden the authority to impose targeted price controls in sectors like housing and health care.
Posted inEconomic Policy
Proposed Stablecoin Legislation Is Worse Than Nothing
The House Financial Services Committee would let unstable crypto firms into the normal banking system.
Posted inTAP
Biden Talks Up the Economy, While the Fed Mashes It Down
Today on TAP: Managing today’s economic crosscurrents is far from easy. The Fed is making things worse. So is Biden’s happy talk.
Posted inTAP
The Zombie Survival of Crypto
Today on TAP: Will the Treasury rescue a scam sector just as it collapses of its own weight?
Posted inTAP
The Fed Is a One-Trick Pony
Today on TAP: And hiking interest rates when real wages lag far behind inflation is a dirty trick.
Posted inEconomic Policy
Recession at Internet Speed
The Fed’s rapid tightening is making everyone price in recession. That’s bad for reversing the fragilities in our economy.
Posted inEconomic Policy
The Federal Reserve Is Hiking Too Fast
Inflation is mostly not caused by spending, and the Fed will have no help if it causes a recession.
Posted inEconomic Policy
The Fed Is Crushing Investment Right When We Need It
Interest rate hikes are damaging the ability to take needed steps in our economic future.
Posted inEconomic Policy
Inflation Isn’t So Different Between the U.S. and Europe
This should lead Federal Reserve officials to hesitate before blindly hacking away at the economy.
