Inflation
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Public Schools Are Using Inflation To Extort Taxpayers
“While there isn’t much that can be done in the short term to mitigate public school excess, taxpayers should at least be aware that public schools are using inflation as an excuse to extort them.” ~ Garion Frankel
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Want to Understand the Inflation Problem? Look to Harvey Road, Not Pennsylvania Avenue
“A bipartisan generation of loose money and loose budgets has created major negative spillover effects, and today’s inflation problem is what we all have to show for it.” ~ Peter T. Calcagno & Edward J. Lopez
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Bad Explanations for Inflation
“Hopefully, these lousy explanations will soon fade out of the public’s consciousness. We need to focus on what matters: a comparative abundance of money over goods. ” ~ Alexander William Salter
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What Can Healthcare Prices Teach About Inflationary Woes?
“Unfortunately, addressing inflation may be more of an incentive problem than a ‘what policy should we adopt’ problem. Examining the US’s healthcare industry through the lens of public choice economics provides evidence.” ~ Raymond J. March
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FOMC Projects Even Higher Inflation
“The Fed is not even committed to bringing inflation back down to 2 percent very quickly. The median FOMC member currently projects inflation will remain above target through 2024. We had better get used to high inflation. We will likely be dealing with it for years.” ~ William J. Luther & Morgan Timmann
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No, Putin Didn’t Cause Inflation
“Allowing politicians to blame Putin, corporations, shipping firms, billionaires, insufficient taxation, ‘greed,’ or other tired scapegoats is erroneous and misleading.” ~ Peter C. Earle
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A Time for Reckoning
“We’ve reached the end of the road, and found that the people who must ultimately pay for unlimited government is us. Whether through taxes or inflation, pay we will.” ~ Antony Davies
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We Still Need Milton Friedman
“Monetary policy should be about money—not specific markets, but their common denominator. The sooner we enlist Friedman to help ‘run the show,’ the faster we can clean up our economic messes.” ~ Alexander William Salter
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Putting “Money” Back in “Monetary Policy:” A Response to Dan McLaughlin
“The way we fix things is by carefully diagnosing demand-side and supply-side problems. When it comes to demand, we’re talking about central bank activity. Unfortunately, none of McLaughlin’s four points are in the ballpark.” ~ Alexander William Salter
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Making Sense of Monetary Policy and the Future of Inflation
“The expansion of circulating currency has diminished to rates comparable to pre-pandemic lows. These factors and the current state of business inventories suggest that inflationary pressures are likely near their limit.” ~ James L. Caton
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Are Supply Chain Issues Driving Inflation?
“Inflation can be a serious problem, especially if it becomes persistent. Yet, the willingness of politicians to blame supply disturbances and corporations rather than acknowledging that loose monetary policy is largely responsible for today’s inflation is even more worrisome.” ~ Nicolás Cachanosky
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When Did The Fed Change Its Tune?
“The Fed could have—and should have—taken prompt action to bring down inflation. It didn’t. Now inflation is much higher—and much harder to deal with—than it otherwise would have been.” ~ William J. Bergman & William J. Luther
