Inflation On Target in December
New data from the Bureau of Economic Analysis shows that inflation has slowed significantly over the last year. Prices are now growing at a rate consistent with the Federal Reserve’s inflation target. The Personal Consumption Expenditures Price Index, which is the Fed’s preferred measure of inflation, grew at an annualized rate of 4.2 percent in […]
PCE inflation December 2023:
An important inflation gauge released Friday showed that the rate of price increases cooled as 2023 came to a close. The Commerce Department’s personal consumption expenditures price index for December, an important gauge for the Federal Reserve, increased 0.2% on the month and was up 2.9% on a yearly basis, excluding food and energy. Economists […]
Be Wary of Bundling – Econlib
Your mileage may vary, dear reader, but I’ve never been much of a fan of bundled goods. In theory, you might find a bundle that includes exactly what you want, and only what you want, and comes at a lower price than all the individual components. But it’s never worked out that way for me. […]
The (Other) Cost of Inflation: Inflation Erodes More Than the Value of Money, History Shows
Eine und Zwei Million Mark (One and Two Million Mark) banknotes from Weimar Republic, 1923. Across the world, people are struggling under the specter of inflation. In Venezuela, the inflation rate is 360 percent. In Argentina, it’s 160 percent. In Turkey, inflation is about 50 percent, about 10 percent higher than its neighbor Iran. In […]
The Price Of Dying – Repeal The Estate Tax
They say the only two certainties in life are death and taxes. And taxes on dying if you’re in the US. That’s right, the luxury of death comes with a price in the land of the free, thanks to the death tax. Now, Republicans are working to introduce legislation that would allow Americans and their […]
Pondering How the World Has Changed
I’m taking half an hour at the end of most work days to finally read through some of the letters that my sister, April Henderson, who died in November 2018, either sent or received. She saved almost everything, including letters that weren’t even to her but were to friends or relatives who knew of her […]
Lagarde says she’s proud to lead ECB after scathing staff survey
European Central Bank President Christine Lagarde looks on as she attends the European Parliament’s Committee on Economic and Monetary Affairs, at the European Parliament, in Brussels, Belgium September 25, 2023. Yves Herman | Reuters President Christine Lagarde on Thursday said she was “proud and honored” to leead the European Central Bank, after her leadership was […]
