Today on TAP: The Fed needs to understand that this economy defies its models. It should begin to cut rates, and get ready for a whole other kind of inflation driven by climate change.
inflation
Posted inEconomic Policy
This Economy Is Breaking All the Rules—and Thriving
A COVID-driven recession with temporary inflation is now followed by a strong recovery that follows no standard models.
Posted inEconomic Policy
It’s Natural That People Feel Bad About the Economy Right Now
Look past the headline numbers and the story begins to emerge. Whether Biden’s strategy can outlast this rough patch is another question.
Posted inEconomic Policy
Jay Powell’s Federal Reserve: Protection for Bankers, Pain for Everyone Else
Continuing interest rate hikes as the Black unemployment rate starts to tick up reveal a misunderstanding of monetary policy history.
Posted inEnergy and the Environment
After Securing State Contracts, Wind Developers Demand Subsidies and Higher Rates
Facing inflation and permitting hurdles, wind developers are turning around to ask for more cash. The immediate headwinds may conceal longer-term problems in wind energy.
Posted inTAP
Ambassador Yellen
Today on TAP: Her trip to China softened rhetoric but changed nothing.
Posted inEconomic Policy
Biden’s Unheralded War on Poverty
By creating a full-employment economy, Biden enabled millions of low-wage workers to raise their pay.
Posted inTAP
A Great Jobs Report and a Vindication of Bidenomics
Today on TAP: Now, the Federal Reserve should just leave well enough alone.
Posted inEconomic Policy
Death of an Economic Theory
The notion that public investment crowds out private spending has taken a beating lately.
Posted inEconomic Policy
It’s Hamiltonian! It’s Jeffersonian! It’s Bidenomics!
The president’s economic policies combine the best elements of our economic heritage.