Inflation Isn't Going Away
Prices rose by 0.4 percent in February and core inflation was up 0.5 percent, the third consecutive month that it has increased.
Prices rose by 0.4 percent in February and core inflation was up 0.5 percent, the third consecutive month that it has increased.
During the pandemic, the U.S. mortgage market avoided collapse without any bailouts. Here's how.
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The Fed's anti-inflation measures had to hurt someone.
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Big corporations and entire industries constantly use their connections in Congress to get favors, no matter which party is in power.
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January's consumer price data indicates another drop in annual inflation, but the past three months might tell a different story.
Fiscal stimulus during the pandemic contributed to an increase in inflation of about 2.6 percentage points.
Economists Lawrence H. White and Frederic Mishkin debate whether the Federal Reserve should be replaced with free market institutions.
Economists Lawrence H. White and Frederic Mishkin debate whether the Federal Reserve should be replaced with free market institutions.
The Lords of Easy Money argues that the Fed created an economy with nearly irresistible incentives for foolish choices.
If lawmakers keep spending like they are, and if the Fed backs down from taming inflation, then the government may create a perfect storm.
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Food prices were up 0.5 percent during November, even as energy prices fell by about 1.6 percent.
It's especially outrageous when considering the billions of dollars in fraud that took place thanks to COVID-19 relief programs.
If the midterms favor Republicans, their top priority needs to be the fight against inflation—whether or not they feel like they created the problem.
The idea that the Fed has the knowledge necessary to control the economy with perfectly calibrated policies was always an illusion.
His administration has expanded deficits by $400 billion more than expected, even before we count recent spending.
Prices for food and housing continued to rise but were offset by lower gas and energy prices.
Here's hoping we don't wind up with more of the spending and favoritism that's become so common.
The economy is spinning, but we’ve proven there are viable ways to slow it down to more bearable levels.
Interest rates and servicing costs could push us into worrisome territory sooner than we think.
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The self-described freedom maximalist explains why he isn't put off bitcoin by its decline since last November.
The Federal Reserve started the problem, and consumers are paying for the consequences.
It would force us to "live within our means," says the president of the Foundation for Research on Equal Opportunity.
The president's argument is amazing for its tone-deafness, inconsistent thinking, and sheer economic ignorance.
Inflation damages the economy while doing the greatest harm to the most vulnerable.
Biden's three-point plan to tackle inflation is really a one-point plan: Let the Federal Reserve handle this mess.
The self-described "freedom maximalist" and former hedge fund manager talks "incorruptible money," Austrian economics, and why Satoshi Nakamoto's invention is unstoppable.
There is seldom any meaningful accountability for government incompetence.
No matter how you slice it, no one person or policy is solely to blame for surging inflation.
Four economists at the Federal Reserve say America's high rate of inflation relative to the rest of the world is the result of surging disposable income during the pandemic.
Some want to solve the problem with subsidies for gas, housing, child care, and more. That only risks greater stagnation.
The president's new budget plan calls on Congress to tax wealthy Americans' unrealized capital gains.
The former Texas congressman and presidential candidate says his goal was to get people to think about freedom.
The president's anticipated executive order stopped short of feared regulations but suggests federal unease with uncontrolled development.
We must face the reality that the debt does matter.
From the CDC to the FDA, there are too many missteps to list.
We were told it would be "transitory." But inflation continued to rise.
Regulatory agencies were never designed to be political, but the tables have turned.
"Greed is constant. If it's greed, how do we explain prices falling?"
A one percentage point increase in interest rates translates into a $30 trillion increase in interest costs on the national debt.
America needs to get its fiscal house in order.
The legislation will have a negative impact on the labor supply and send high prices soaring even higher.
But also be thankful that Americans have been spared the worst of soaring food costs.
The cost of interest on the national debt will soon be a huge chunk of change.