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Tag Archives: jerome powell
How Inflation Got Away from Washington Screw Ups
Being a government hack has its advantages. You get eleven paid holidays per year. You get promoted for poor performance. The benefits are superb. Best of all, you can get remarkably rich…even if you’re a screw up. Continue reading
Posted in Inflation, MN Gordon
Tagged federal reserve, janet yellen, jerome powell, joe biden, kamala harris, treasury
24 Comments
Powell’s Pivot to Nowhere
Slow growth. High prices. The U.S. economy – and the global economy – was already facing these disagreeable prospects before Putin invaded Ukraine. Continue reading
Posted in Inflation, MN Gordon
Tagged jerome powell, oil, supply chocks, thomas friedman, wheat
21 Comments
How Central Planners Corrupted the World
The impossible happened in the late-1970s. Inflation and unemployment simultaneously went vertical. Leading economists were baffled. This contradicted their academic training. Continue reading
Posted in MN Gordon, Politics
Tagged federal reserve, government meddling, janet yellen, jerome powell, joe biden, monetizing debt
35 Comments
Pre-2020 Prices are Gone Forever
Price inflation is completely out of hand. You know this. Your dog knows it too. Still, President Joe Biden wants you to believe he’s got it all under control. Last month, for example, White House Press Secretary Jen Psaki insisted inflation is decreasing. What a crock! Continue reading
Posted in Inflation, MN Gordon
Tagged consumer price index, currency, dollar, federal reserve, jerome powell
63 Comments