It would seem that, although Powell recognizes transitory inflation is taking a little longer to transit than hoped, his risk–reward calculation has not changed.
Uneven price increases are consistent with overall inflation both theoretically and as a matter of historical fact.
No wonder central bankers would rather talk about climate change.
President Biden said today that infrastructure spending could help prevent inflation. This is odd for a few reasons.
It’s not the easiest of days for those arguing that the current surge in inflation is “transitory.”
Opponents of socialism must make a case that is moral, not merely material.
The Tax Foundation put out its annual midyear report on state and local sales tax rates, and it doesn’t look like an Electoral College map at all.
Skeptics are worrying that the SEC is getting ready to advance a political and social agenda, and using the regulatory system to bypass the democratic process.
Charles Williams’s poem Taliessin Through Logres has a worthwhile lesson for readers.