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Price inflation in the United States remains stubbornly high, with October’s print at 7.7 percent. The Fed’s preferred measure, so-called core inflation is only two-tenths of a percent below forty-year highs, at 6.3 percent. Yet, it was just last year that the Federal reserve and other “experts” were concerned that inflation wasn’t high enough .

The federal government’s Bureau of Labor Statistics (BLS) released  new price inflation data today,  and according to the report, price inflation during the month decelerated slightly, coming in at the lowest year-over-year increase in twelve months. According to the BLS, Consumer Price Index (CPI) inflation rose 7.1 percent year over year during

Those who know Wall Street lore sometimes recall that Fed chairman William Miller—Paul Volcker’s immediate predecessor— joked that most Americans believed the Federal Reserve was either an Indian reservation, a wildlife preserve, or a brand of whiskey. The Fed, of course, is none of those things, but there’s also one other thing the Federal

In 2011, the Federal Reserve invented new accounting methods for itself so that it could never legally go bankrupt. As explained by Robert Murphy , the Federal Reserve redefined its losses so as to ensure its balance sheet never shows insolvency. As Bank of America’s Priya Misra put it at the time : As a result, any future losses the Fed may incur

It’s a sure bet that as the economy worsens, unemployment surges, foreclosures rise, defaults climb, and economic misery ensues, we’ll be told it’s all capitalism’s fault. The question one must ask, however, is, “What capitalism?” The claim that “too much” capitalism drives every economic calamity is standard among anticapitalists on both the left

Here we go again. Every few years in Congress there is a purely political battle over the debt ceiling. We’re supposed to be horrified and worried that the US might default on some of its debt. Some commentators will insist the US has never defaulted, and that default be a disaster. (That’s wrong, by the way. The US has defaulted before .)  But

The US Bureau of Labor Statistics  released new Producer Price Index (PPI) data on Wednesday, and it looks like the rate of increase in price inflation is slowing. Nonetheless, year-over-year price inflation in December remained near 40-year highs, and shows the marketplace is still dealing with the nearly six-trillion-dollar surge in the money

On January 10, the French government announced plans to raise the retirement age from 62 to 64. The change would mean that after 2027, workers in France would have to work 43 years to qualify for a government pension, instead of 42 years . French workers promptly took to the street in protest decrying even this very small reduction government

Over the past two weeks, Poland and the Baltic states have all closed their borders to most Russians seeking to cross the border, especially those traveling on tourist visas. The ban on Russian travelers (so far) does not restrict Russians entering Poland and the Baltics from other Schengen Area countries. As of last Saturday, however, Finland is

Since at least the beginning of the Russo-Ukrainian war, we have witnessed many efforts to pin blame for the conflict not only on the Russian regime, but on virtually all of the Russian people as well. Back in June, for example, the Western media was already in the habit of publishing long, detailed articles explaining why ordinary Russians are