The Tax Foundation Dissects the Inflation Reduction Act of 2022
Bad advice is coming from economists who perennially favor of tax increases. Nobody knows whether tax increases reduce inflation. Continue Reading →
Tag Archives: inflation
Inflation’s Big Driver: Transportation
Part 3 of my series about inflation. Here I’m concerned with inflation’s big driver: transportation. Let’s look at its components. Continue Reading →
Inflation Update
As more of the Biden administration’s team and agenda are made public, inflation expectations increased steadily. Bonus: what you can do. Continue Reading →
Inflation, Its Causes, and Money
The only way to lower inflation is to reduce the growth rate of the money supply. The growth of M2 has exceeded 10% since March, 2020. Continue Reading →
Facebook Factcheck Fail
Facebook factchecked my post about Bidinflation, saying it lacked context. The numbers match those reported by BLS. Facebook factcheck fail. Continue Reading →
Measuring Expected Inflation
Current inflation news including calculating expected inflation, the yield curve, and the term structure of expected inflation. Continue Reading →
Is There Inflation in Our Future?
All signs point to higher inflation starting soon. Current and planned economic policies will cause inflation to move even higher after 2022. Continue Reading →
Watch for Interest Rates to Rise Soon
The Fed’s attempt to rescue the economy using monetary policy alone has been a fool’s errand. Now they face a Sophie’s choice: (1) Do nothing and watch inflation increase, or (2) drain the excess reserves from the system and watch interest rates rise. Actually, interest rates will rise either way. Continue Reading →
Prof. Taylor Fails History
In other words, monetary policy is more effective when an overheated economy needs cooling off. Expansionary policy, on the other hand, is not quite so effective. Continue Reading →
Inflation is Right Around the Corner
My advice: buy canned food now. And plant that vegetable garden. Continue Reading →