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AIER’s Everyday Price Index Rises 0.52 Percent in January 2024
The AIER Everyday Price Index (EPI) rose 0.52 percent to 284.8 in January 2024. It was the largest percent change since August 2023, and brings the year-over-year EPI change to 1.45 percent. AIER...
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An Inflation Resurgence, or Just Relative Price Changes?
The Bureau of Labor Statistics in Washington, DC The Bureau of Labor Statistics (BLS) announced that inflation as measured by the Consumer Price Index (CPI) was 3.1 percent year-over-year in January....
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Two Kinds of Transitory Inflation
The definition of “transitory” has been an open political question. Now that Nobel laureate Joseph Stiglitz has declared victory for Team Transitory, it’s worth delving into the causes of our recent...
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Congress Overspends, but the Fed Inflates
Marriner S. Eccles Federal Reserve Board Building in Washington DC Writing in The American Conservative, Rep. Josh Brecheen (R-OK) recently blamed inflation on irresponsible fiscal policy. He cites a...
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Is Inflation on the Rise Again?
Board Governor Christopher J. Waller at the Federal Open Market Committee (FOMC) meeting in Washington, DC. January 2024. Inflation picked up in January, according to the latest data from the Bureau...
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Faster Growth and Interest Rates: Even Harder than You Think
The US Federal Reserve Eccles Building, 1937. Flickr. Writing in the Wall Street Journal, Mickey Levy opines that a stronger economy, fueled by productivity growth, might cause problems for the...
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Does Argentina Have Enough Dollars to Dollarize?
Currency exchange house on the streets of Buenos Aires, Argentina. 2019. Argentine President Javier Milei has postponed the implementation of his much-anticipated dollarization plan. Some...
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The Fed (Almost) Ruined Black Friday
Price promises lead Black Friday signs at a shopping mall. Black Friday was once a sure bet that consumers would engage in a shopping frenzy. But it felt different in 2023, and the data tell us why....
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AIER’s Everyday Price Index Spikes 0.73 Percent
In February 2024, the AIER Everyday Price Index (EPI) rose 0.73 percent to 286.9. This rise was the largest percentage increase in the index since August 2023 and the eighth largest going back to...
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Inflation Remains Elevated. Is Money Actually Tight?
The seal of the Federal Reserve tops the atrium of the Eccles Building, where the FMOC will meet next week. There’s been another bump in the disinflationary road. The Bureau of Labor Statistics...
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Young People Aren’t Nearly Angry Enough About Government Debt
Young people gather in a downtown district. Young people sometimes seem to wake up in the morning in search of something to be outraged about. We are among the wealthiest and most educated humans in...
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Fixing A Big Mistake in Risk-Based Capital Rules
Bank sign on a traditional building facade. We are observing a great debate between the US banking regulators who wish to impose new, so-called “Basel III Endgame” rules to significantly increase bank...
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The Fed and Political Independence: It’s Complicated
The pressroom podium for the Federal Reserve awaits leadership. Writing in the Wall Street Journal, Joseph Sternberg wonders whether the Federal Reserve is too insulated from politics. The Fed clearly...
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AIER Everyday Price Index Hits All-Time Record in March 2024
The AIER Everyday Price Index saw its third largest increase in over a year in March 2024, shooting up 0.82 percent. That rise brings our proprietary inflation index to a new record high of 289.2,...
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How the US Treasury Induced a New Era of Swiss Monetary Policy
The Swiss National Bank building, Bern, Switzerland. 2019. In December 2020, half a year into the pandemic, the Swiss National Bank (SNB) received a call from the US Treasury Department. For years,...
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Why Haven’t We Whipped Inflation Yet?
Federal Reserve Headquarters Office Building in Washington, DC. Despite extraordinary monetary tightening by the Federal Reserve, inflation remains elevated above its 2 percent target. Even more...
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A Better Model Won’t Fix The Fed
Jerome Powell is sworn in as Chairman of the Board of Governors of the Federal Reserve System. 2018. Can the Federal Reserve build a better mousetrap? Wall Street Journal columnist Joseph Sternberg...
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The New Zimbabwean ZiG: Sixth Time a Charm?
A man holds stacks of devalued Zimbabwean currency. Zimbabwe’s historical relationship with money has been inundated with mistakes, recklessness, and hardship. During the peak of its 2008...
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Is Argentine Disinflation Sustainable?
Argentine Minister of Economics Sergio Massa holds his face in deep emotion in Buenos Aires. 2019. With dollarization discarded in the short run, the world is eagerly watching Milei’s initial steps as...
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