Today on TAP: Once again, mainstream analysts and Fed economists miss the real story in the latest inflation numbers—which is hidden in plain view if you bother to look.
inflation
Posted inMoney, Politics, and Power
The Mega-Donor Who Colluded With OPEC
Pioneer Natural Resources CEO Scott Sheffield was banned from ExxonMobil’s board after a merger for conspiring to keep gas prices high.
Posted inTAP
How the Fed Keeps Getting Inflation Wrong
Today on TAP: More than 400 economists work for the Federal Reserve Board. Far too many are intimidated by the echo chamber of bad economics created by Chair Jay Powell.
Posted inEconomic Policy
The Connection Between Jobs and Housing
The good news/bad news story in the Economic Report of the President
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?
