Our central bank operates by and for the financial elite.
The Great Inflation Myths
Posted inEconomic Policy
Inflation in an Unequal World Economy
How the Fed’s policies are doubly perverse for the Global South
Posted inEconomic Policy
Supply Shocks, Inflation, and the Limits of Monetary Policy
The major source of inflation was supply bottlenecks that are already subsiding for reasons unrelated to Fed rate hikes.
Posted inEconomic Policy
Learning the Right Lessons From Recent Inflation
Why macroeconomic overheating was not the problem and austerity is the wrong cure.
Posted inEconomic Policy
Two Percent Inflation Targeting Harms Growth
Research shows that economies perform better at modestly higher inflation rates.
Posted inEconomic Policy
The Inflation Numbers Game
Inflation for the past five months was mild, but the media still blares the higher year-over-year numbers.
Posted inEconomic Policy
Who Will Talk Jay Powell off the Ledge?
He has committed the Fed to an interest rate course that will create a needless recession, and he refuses to admit that inflation is subsiding on its own.
Posted inEconomic Policy
The Rise of Undocumented Inflation
Quality deterioration, not factored into inflation statistics, means that we spend the same amount for inferior products.