The Boundless Foolishness Underlying ‘Soft Landing’ Mythology
It’s a waste of words to say the central planning that underlies Fed conceit always fails, not to mention that the surest path to lower prices is economic growth as is.
inflation
The Fed As the Inflation Fix? Sorry, But Markets Aren’t That Stupid
That markets are incredibly stupid is pretty much implied in all the Federal Reserve commentary from the various economic religions. Think about it.
The Discredited Phillips Curve Cannot Be Discredited Enough
Talking to the New York Times recently, AEI’s lead economist in Michael Strain observed that “good news” for the Fed would be a recession. Since the credentialed near unanimously believe that job loss and bankruptcy are the cures for inflation, it’s up to those short on credentials but mildly long on common sense to correct an impoverishing narrative – over and over again – that just won’t die.
Economists, and Their Comical Search For a Higher ‘Inflation Target’
To say that Harvard’s Jason Furman believes mass unemployment and bankruptcy is the answer to inflation is a waste of words.
The Russians Have Stolen Our ‘Whip Inflation Now’ Buttons
The story on Russia these days is that the economy is booming, with inflation breaking out as a consequence of all the government spending that is said to be stimulating the economy.