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    Economics / deflation, Federal Reserve Board, inflation, monetary policy, wages /

    Inflation

    April 22, 2013

    Lost in all the hyperventilation last week was news of our rate of inflation There isn’t any. Or, rather, what inflation we have is small and getting smaller. Consumer inflation fell 0.2% in March largely due to falling energy and clothing prices. Even if we eliminate energy and food prices – notorious for their volatility […]

    Commentary /

    Off Topic: Gun Control

    April 18, 2013

    Allow me to rant: I don’t imagine for a moment that America will wean itself from its adolescent addiction to gun enabled mayhem. Let’s face it: America is a violent society, it likes to export its violence, and it enjoys the mayhem with a gusto usually reserved for more constructive pursuits. Anyone unfamiliar with the […]

    Commentary /

    Error Correction and Ethics

    April 17, 2013

    You probably have missed it, but there is a major furor within the economics profession concerning the findings of an academic paper written by Carmen Reinhart and Kenneth Rogoff in 2010. The profession issues a torrent of papers annually, most of which remain scarcely read and massively under-appreciated. Probably deservedly so since the sole objective […]

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