Inflation

The Federal Reserve is Right

Jerome Powell has come under significant criticism. Under closer inspection, the Federal Reserve's decisions are fully driven by economics.

Jul 26 •

Yes – Tariffs Have Increased Prices and Inflation in the US

The price increases from tariffs can be seen in both economy-wide data and retail data.

Jun 16 •

Do Tariffs Cause Inflation? Yes.

No, it is not a one off jump – tariffs on intermediate goods result in permanently higher inflation (all else constant).

Mar 24 •

Inflation – a Short Primer

How staggered pricing causes inflation, even without money.

Feb 18 •

Did The Federal Reserve Make a Mistake?

A higher unemployment reading has stoked recession fears and led many to think the Federal Reserve made a mistake.

Aug 15, 2024 •

Inflation: Distorted by the Past

Misinterpretations of what CPI and PCE measure keeps us unnecessarily concerned about the future.

May 20, 2024 •

‘Your pay is still - not - going up too fast’

The Economist posted a controversial article arguing that wages are driving inflation. Let’s revisit why this is not the case.

Mar 4, 2024 •

Correcting Statements on Inflation and Inequality

Federal Reserve Governor Waller made a surprisingly wrong statement regarding how prices respond to supply shocks.

Feb 18, 2024 •

Inflation – The Story of 2023

The biggest economic story of 2023 was the fall in the inflation rate. Time to briefly revisit what has been happening.

Jan 1, 2024

The End of Inflation in the US?

The official June inflation data came in below expectations, potentially signaling the end of the inflationary surge. What did we learn?

Jul 26, 2023 •

Correcting Economic Understanding: "Greedflation"

Greedflation, or profit-driven inflation, is being aggressively debated. Let's revisit economic theory.

Jun 28, 2023 •

(Un)intuitive Inflation

Today’s inflation report showed that inflation is still elevated. Surprisingly, what might be keeping it elevated seems unintuitive – and even many…

May 10, 2023 •

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