CNN Is Wrong. Deflation Is a Good Thing
A recent CNN broadcast claimed that deflation was bad for the economy and that we need to adjust to higher prices. As usual, the journalistic “experts” got it backward.
A recent CNN broadcast claimed that deflation was bad for the economy and that we need to adjust to higher prices. As usual, the journalistic “experts” got it backward.
The canary in the coal mine, is the consumer in our current economic period. We can still hear it, but it is growing weaker.
Paul Krugman claims that the real factor determining inflation is the rate of unemployment, not increases in the supply of money. As usual, he is wrong.
President Nayib Bukele of El Salvador recently spoke at the Conservative Political Action
In his State of the Union speech Thursday, President Biden will claim the economy is growing—and that his administration will “crack down” on corporate greed. He will not address the damage his administration has done to the economy.
Paul Krugman claims that the real factor determining inflation is the rate of unemployment, not increases in the supply of money. As usual, he is wrong.
In 2024 the Australian senate is establishing an inquiry into Coles and Woolworths, the two biggest grocery retailers in the country.
The Bureau of Economic Analysis released January figures for Personal Consumption Expenditures (PCE) today, including the price index based on that data.