Richard Clarida, now a TV talking head, is doing all he can to kill jobs and cut wages.
Federal Reserve
Posted inTAP
Inflation Is Actually Subsiding
Today on TAP: The stock market, financial writers, and the Fed have one thing in common: excessive gloom.
Posted inTAP
Climate Costs Are Not ‘Inflation’
Today on TAP: Climate disruption will raise prices to consumers. The Fed, seconded by orthodox economists, misunderstands what’s happening—needlessly adding to economic pain.
Posted inTAP
Powell Sides With the Inflation Hawks
Today on TAP: Reverting to type, the Fed chair ignores supply factors.
Posted inTAP
Jason Furman’s Lazy Economics
Today on TAP: Why do reporters covering recession, inflation, and interest rates keep treating Furman as a sage?
Posted inTAP
It’s Supply, Stupid
Today on TAP: More evidence today’s inflation is not the result of excessive demand
Posted inEconomic Policy
Our Bewildering Economy
What are the contradictory trends and policy choices? And does the Inflation Reduction Act live up to its name?
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.