Category Archives: Inflation
From Here to Eternity
Gentlemen-rankers out on the spree, Damned from here to Eternity, God ha’ mercy on such as we, Baa! Yah! Bah! — Gentlemen-Rankers, Rudyard Kipling Insults and Offenses For the first time in 80 years, vast numbers of hardworking, industrious people … Continue reading
Before the Devil Knows You’re Dead
Something rather strange is going on. Ten year Treasury yields and gold are simultaneously envisaging inflation and deflation. Yields on the ten year Treasury note have jumped from 1.98 percent to 2.34 percent during the last 30 days. Gold’s price, … Continue reading
Lost in Extrapolation
In the late 1970s the impossible happened. Inflation and unemployment simultaneously went vertical. The leading economists of the day were flummoxed. The Phillips curve said there’s an inverse relationship between inflation and unemployment. When unemployment goes down, inflation goes up. … Continue reading
Potato Sack Economics
Fiscal policy, as opposed to monetary policy, is more readily understood by the general populace. Income taxes, budget deficits, the national debt. These are all tangible things the average working stiff can grasp a hold of, if they care to. … Continue reading
