Disinflation Dreams and Keynesian Confusion
The Federal Reserve’s monetary tightening appears to be bringing down inflation without imposing undue burdens on the real economy. The Consumer Price Index (CPI) grew at an annualized rate of 2.0 percent in July. Core CPI, which excludes food and energy prices, grew at an annualized rate of 1.91 percent. This is good news: High […]
Adam Mastroianni on the Brain, the Ears, and How We Learn
0:37 Intro. [Recording date: July 5, 2023.] Russ Roberts: Today is July 5th, 2023, and my guest is Adam Mastroianni. His Substack is Experimental History. This is his second appearance on EconTalk. He was first here in February of 2023, discussing Peer Review in the Academic Kitchen. Adam, welcome back to EconTalk. Adam Mastroianni: Hey, […]
Russian ruble slumps to near 17-month low, moves past 100 against the dollar
This pool image distributed by Sputnik agency shows Russian President Vladimir Putin meeting with the Tver region governor at the Kremlin in Moscow on August 9, 2023. Mikhail Klimentyev | AFP | Getty Images The Russian ruble slid past 100 to the U.S. dollar on Monday, nearing a 17-month low as President Vladimir Putin’s economic advisor blamed loose monetary policy […]
How do barter economies avoid inflation?
A barter economy can have all of these attributes: 1. Oil shocks2. Crop failures3. Powerful labor unions4. Budget deficits5. Supply bottlenecks6. Corporate greed7. A strong economy with no “slack” These are also factors that are widely seen as causing inflation. So what sort of inflation rate should we expect to see in a barter economy […]
Is Obama Running a Shadow Government from His Mansion in Kalorama, Washington DC?
By Lambert Strether of Corrente. This post was motivated by “The Obama Factor“, a long and rambling Q&A between Pulitzer-winning historian and Obama biographer David Garrow, and David Samuels, the Tablet’s Literary Editor. Garrow and Samuels answer the question posed in the headline in the affirmative; basically, “quite possibly, yes.” Spoiler: By Betteridge’s Law, my […]
Picking Among Electronic Data Area Providers UNITED STATES
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