Assessing Market Expectations of Inflation
Economists continue to debate whether the high rates of inflation observed over the last few months are transitory or permanent....
William J. Luther
Is Inflation Above the Fed’s Target?
The Bureau of Economic Analysis reported year-on-year inflation of 4.3 percent for August. The annual rate of inflation was 4.2...
The Federal Reserve Is Not Credible
Inflation remained high in August, latest data show. The Personal Consumption Expenditures Chain-type Price Index (PCEPI) grew at a rate...
Trouble Transacting with Bitcoin
One shortcoming of the bitcoin protocol is its limited transactions capacity. In the early stages of bitcoin’s development, Satoshi Nakamoto...
What’s Wrong With Bitcoin’s Supply Mechanism?
The pseudonymous Satoshi Nakamoto recognized the problem with unconstrained fiat monies. A central bank can create as much fiat money...
Is Inflation Merely Catching Up?
Everyone is talking about inflation. And rightly so. The consumer price index (CPI) grew by 5.4 percent from June 2020...
Will Cash Soon Be Obsolete?
Calls for the US to adopt a central bank digital currency (CBDC) appear to be growing. China launched a digital...
Remembering Steve Horwitz
My friend Steve Horwitz passed away this week. Steve had courageously battled multiple myeloma for the last few years. In...
The Decentralization Fetish
There is a common view among bitcoin advocates, which also prevails to some extent among economists working in the Austrian...
