The Radford Free Press – Page 266 – All life is problem solving.

Economics / Consumer Price Index, consumption, Federal Reserve Board, inflation, monetary policy, retail sales, von Mises, wages /

Inflation and von Mises

November 16, 2011

Yesterday I speculated that the decline in the cost of basic goods like gasoline was a contributory cause of the uptick in retail sales in October. Today’s consumer price report supports that notion. The headline rate of inflation, the consumer price index, declined 0.1% last month bringing the rate for the last twelve months down […]

Commentary, Economics /

European Foolishness

November 15, 2011

There isn’t much to say: anyone who thought that the appointment of a couple of tired, traditional, economists as heads of Greece and Italy respectively would cure anything was decidedly deluded. Lucas Papedemos and Mario Monti are not elected, so they have little, if any, democratic legitimacy and yet will implement drastic revisions to the […]

Economics / consumption, Empire State Index, GDP, inflation, inventories, producer prices, recovery, retail sales, wages /

Back To Work News Round Up

November 15, 2011

Well I am back and will report some of my reactions to the conference I attended tomorrow. Today, though, let’s catch up on the economy. Not much seems to be going on. That is, I suspect, the way things will be for a while. Today’s release of October’s consumer spending was a decent, but not […]