Homines libenter quod volunt credunt
Posted in Inflation on Jan 27th, 2011
In this piece, Senator Bernie Sanders tells us: “It’s an IOU that is backed by Treasury bonds and the faith and credit of the United States government,” said Sen. Bernie Sanders, I-Vt. “It is the same faith and credit that enables us to borrow from rich people and from China and from other countries. As […]
Even though empirical research casts doubt on the quantity theory of inflation, there has always been a strong correlation between the rate of money growth and the rate of price level changes within the US and also across OECD Countries. However, something seems to have changed since the early 1990s. The first two charts show […]
Posted in Inflation on Dec 3rd, 2008
A picture series on Zimbabwe’s inflation “problem.” Scroll through the whole series. HT: Balveer Singh
Posted in Inflation on May 9th, 2008
That was my answer to what Americans can do about rising food prices. Hear more on these radio shows: Wednesday, April 23 appearance on Mark Reardon Show on KMOX in St. Louis. Thursday, April 24 appearance with former San Diego Mayor Roger Hedgecock Show, KOGO in San Diego. Friday, April 25 appearance on WRVA AM […]
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.”
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 […]
Posted in Inflation on Mar 13th, 2008
It looks like this:
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 […]
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.
Posted in Inflation on Aug 13th, 2007
Read more here.