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Tag Archive 'Inflation'

Food Prices, Empty Stomachs

More shameless self promotion. OK, if you wish to hear speak about it on KLOVE’s Closer Look program, you can listen here.

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On the balance sheet of the U.S. Federal Reserve you will find the following line item: “Notes and bonds, inflation-indexed.”

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Weak Dollar or Inflation Hedge?

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 […]

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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.

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Oil and Inflation

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. […]

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Business for Breakfast

High inflation rates are newsworthy.┬áHear 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 […]

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Hear Me Babble About Inflation

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┬átalk about Milton Friedman.

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