The good news/bad news story in the Economic Report of the President
inflation
Posted inLaw and Justice
Landmark Settlement Breaks Up the Real Estate Cartel
The collusive arrangement among real estate agents that led to Americans paying extortionate commissions is likely over.
Posted inEconomic Policy
A Public Option for Credit Card Shopping
The Consumer Financial Protection Bureau is taking aim at pay-to-play credit card comparison websites that collude with big banks to block competition.
Posted inTAP
Inflation Panic
Actual consumer prices are well behaved. Financial commentators and central bankers are not.
Posted inEconomic Policy
Why Were Inflation Hawks Wrong?
Economists like Larry Summers predicted that bringing inflation down would require a large increase in unemployment. It didn’t.
Posted inPolitics
The Political Perils of Democrats’ Rose-Colored Glasses
Paul Krugman’s (and many Democrats’) beliefs about the economy and crime miss the reality that Americans still experience.
Posted inTAP
Jay Powell’s Victory Lap
Today on TAP: Does the Fed deserve credit for the strong economy? Will our central bankers screw it up by waiting too long to cut rates?
Posted inTAP
Is the Good Economic News Good for Biden?
Today on TAP: Yes, if the president plays it astutely. But other factors could matter more.
Posted inMoney, Politics, and Power
Big Funeral Exploits Consumers Under Guise of Inflation
Reduced inflation across the economy magnifies the sectors where high markups persist.
Posted inEconomic Policy
Time for a Victory Lap?
Those who believed inflation would be transitory were proven right, and those who demanded the sacrifice of mass unemployment proven wrong.