Tag Archives: consumer price index
Sowing the Seeds of Mass Inflation
Around the time Elvis Presley choked on his last pill the impossible happened; inflation and unemployment increased simultaneously. Economists were confounded. According to the Philips curve there was supposed to be an inverse relationship between inflation and unemployment. When the … Continue reading
Heating the Stove with Furniture
Several important economic data points from last month were revealed this week. Industrial production and the producer price index were reported on Wednesday. Then, yesterday, the consumer price index was reported. Here are the particulars… According to the Federal Reserve, … Continue reading
The Money Must Go Somewhere
In Friday’s issue of the Economic Prism we suggested that, despite all the financial uncertainty going on, the U.S. economy is strengthening. By the response we received, this optimism astonished many of our readers. Naturally, we thought that would be … Continue reading
Set the Children Free
There are things that are so obvious they shouldn’t warrant discussion…but they do. For there are blockheads out there whose brains are so soft they don’t know obvious from Adam’s off ox. Experience tells us that common sense is remarkably … Continue reading
