Better Explanations for Inflation
There are many bad explanations for inflation. I address some of them here. So let’s explore some better ones. They...
Alexander W. Salter
Bad Explanations for Inflation
While decomposing inflation into its constituent parts is empirically tricky, its essence is simple. Inflation results from too much money...
We Still Need Milton Friedman
“Milton Friedman isn’t running the show anymore,” President Biden memorably scoffed on the campaign trail in April 2020. More’s the...
Putting “Money” Back in “Monetary Policy:” A Response to Dan McLaughlin
Over at National Review, Dan McLaughlin considers why inflation is particularly troublesome for Democrats. His article contains some interesting observations...
Money and the Rule of Law: Looking Back After a Year
A year ago, Pete Boettke, Dan Smith, and I published Money and the Rule of Law with Cambridge University Press....
Yes, Supply Problems Can Cause Inflation
Can supply problems cause inflation? I think so. Some economists don’t. They insist inflation, a general increase in prices, can...
Lisa Cook is Unqualified for the Federal Reserve Board
There was recently a heated debate in the United States Senate over the Federal Reserve Board. Dr. Lisa Cook, one...
Mandate Drift at the Fed Is Par for the Course
The Federal Reserve has lost its way. It’s pressured by political forces that want it to try its hand at...
The Everyman’s Economics Book We’ve Been Waiting For
By his own admission, Matthew Hennessey is an unlikely author of an economics book. He has no experience in business,...
Why the Money Supply Should (Sometimes) Change
What’s the point of monetary policy? Why does the money supply ever need to change? After all, money is just...
Who Needs the Dual Mandate?
The Federal Reserve has a dual mandate: maintain stable prices and full employment. Central bankers conduct monetary policy to keep...
How to Think about Inflation
Everything old is new again: Inflation plagues the US economy. The Consumer Price Index is up 7.9 percent from a...
