Food Prices, Empty Stomachs
Posted in Price System on Jun 2nd, 2008
More shameless self promotion. OK, if you wish to hear speak about it on KLOVE’s Closer Look program, you can listen here.
Tag Archive 'Inflation'
Protect Me From Myself
Posted in Inflation, Macroeconomics, You Can't Have it Both Ways on Mar 25th, 2008
On the balance sheet of the U.S. Federal Reserve you will find the following line item: “Notes and bonds, inflation-indexed.”
Weak Dollar or Inflation Hedge?
Posted in Inflation on Mar 18th, 2008
The price of gold closed in London at $995 per ounce on March 13, the highest since 1980, and considerably above its most recent peak in May 2006. However, as shown in the chart below, the price of gold in euros had barely returned to is May 2006 level by October 2007–the surge in the […]
Are Commodities Prices “Out of Whack?”
Posted in Uncategorized on Mar 14th, 2008
The following chart plots the price of gold, wheat and a broad commodities index against the general price level in the U.S. since January 1975. The plot is showing percentage deviations from the 1975-2008 average – I would have used a longer time series if I had time and money.
Oil and Inflation
Posted in Economic Illiteracy on Mar 12th, 2008
An Energy Department report showing an unexpectedly large increase in crude oil supplies last week also helped calm investors. If rising inventories help oil prices pull back from record levels, inflation pressures should ease – which would give the Federal Reserve greater opportunity to lower interest rates and boost lending efforts to spur the economy. […]
Business for Breakfast
Posted in Inflation on Feb 26th, 2008
High inflation rates are newsworthy. Hear me talk about them on another Phoenix radio station, KFNN, at 8:35am EST. I’d advise you to bring your caffeine along. Update: Ken and Shaun seem to be two monetarists who are not shy about sharing that view. Anna and Milton would be proud of them (I was pretty pleased […]
Hear Me Babble About Inflation
Posted in Inflation on Feb 22nd, 2008
The fine folks at KTAR in Phoenix had me on for an interview to respond to the release of the Fed’s January FOMC meeting minutes. Nothing all that groundbreaking. It would have been nice to have time to talk about Milton Friedman.