by John B. Taylor (George P. Shultz Senior Fellow in Economics; Chair, Working Group on Economic Policy; and member of the Task Force on Energy Policy)
Whenever someone says inflation is not caused by central banks printing too much money, I pull out [a one hundred trillion dollar note from Zimbabwe] and tell the story of Zimabwe’s hyperinflation...
by Alvin Rabushka (David and Joan Traitel Senior Fellow)
Wages and prices in China are rising rapidly...it is time for China to recognize the reality of its fast-growing middle class and issue larger denomination notes...
Brett Arends has an article in the January 26 Wall Street Journal titled, "Why You Can't Trust the Inflation Numbers." His distrust is all in one direction: he thinks the Consumer Price Index understates inflation. My distrust is all in the other direction: I think the CPI overstates inflation...
Tyler has a new mini-book out on stagnation where he accepts the idea that median income has been growing very slowly for the last 40 years relative to earlier times. One challenge to this claim is that prices are mismeasured...
by Alvin Rabushka (David and Joan Traitel Senior Fellow)
...[B]y the time fears of deflation have been fully arrested, and the Fed begins to offload the financial assets it has purchased over the past few years, a new bubble may have formed in the financial markets...
by John B. Taylor (George P. Shultz Senior Fellow in Economics; Chair, Working Group on Economic Policy; and member of the Task Force on Energy Policy)
Currency strategists at the Scotiabank are using “policy rule differentials” rather than simple “interest rate differentials” in a creative way to predict interest rate and currency movements...
by Thomas Sowell (Rose and Milton Friedman Senior Fellow on Public Policy)
Sneaking a provision on gold purchases and sales into massive legislation that is supposedly about medical care is just one of the many cynical tricks used to circumvent the public's right to know how they are being governed...
