Alexander William Salter: Why Haven’t We Whipped inflation Yet?
 04/19/24 06:00AM - Despite extraordinary monetary tightening by the Federal Reserve, inflation remains elevated above its 2 percent target. Even more worrying, inflation accelerated during the first quarter. The Consumer Price Index (CPI) rose at an annualized rate of 4.5 percent over the last three months. The figures for Personal Consumption Expenditures …more…
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Douglas Carr: The Fed’s Back-Door Bubble
 04/18/24 06:30AM - America's ad hoc financial system is full of unintended consequences, such as the Fed's increasing liquidity by $1 trillion while trying to quell inflation. How can the stock market be soaring to repeated new highs when the Federal Reserve is trying to constrain the economy? In the last year, as it was trying to restrain inflation, the …more…
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Veronique de Rugy: This Tax Week, Remember That the Federal Income Tax Is Relatively New
 04/18/24 03:03AM - There are many pervasive myths about the U.S. tax code. Here are a few. Another Tax Day has come and gone, and most Americans believe they pay too much. One recent poll revealed that 56 percent say they pay more than their fair share. Unfortunately, I fear this is just the beginning considering the insane level of debt Washington policymakers …more…
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Mark Mills: When Politics and Physics Collide
 04/17/24 01:58PM - The belief that mandates and massive subsidies can summon a world without fossil fuels is magical thinking. The idea that the United States can quickly "transition" away from hydrocarbons–the energy sources primarily used today–to a future dominated by so-called green technologies has become one of the central political divides of our time. …more…
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Norbert Michel: The Bank Secrecy Act Is A Bigger Threat Than FISA
 04/17/24 11:50AM - Last week the U.S. House reauthorized Section 702 of the Foreign Intelligence Surveillance Act, continuing a controversial foreign intelligence collection program. Still, reauthorization took some political arm twisting because several members wanted to add protection against warrantless surveillance under the FISA …more…
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Thomas Hoenig and Dan Katz: Climate-Change Work Is a Reminder That the Basel Committee Has Outlived Its Usefulness
04/17/24 06:30AM - The Federal Reserve should extend its recent rebuke of the Basel Committee to the entire enterprise. The Basel Committee on Banking Supervision emerged as the international community's response to the inadequate financial regulatory frameworks globally that had contributed to the great financial crisis. The Basel Committee is charged with …more…
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Joshua Hendrickson: Inflation We Can Feel But Don’t Measure
04/16/24 06:00AM - In the aftermath of the pandemic, the United States experienced the highest rates of inflation of the last four decades. More recently, inflation rates have been trending lower. Nonetheless, a number of economists have been surprised to observe that consumers aren't very happy despite signs that the inflation rate is on a trajectory towards …more…
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Sally Pipes: Biden And Harris Are Wrong About Healthcare "Rights"
04/15/24 08:00AM - Speaking to supporters in North Carolina late last month, Vice President Kamala Harris said, "We here agree that access to healthcare should be a right and not just a privilege of those who can afford it." President Biden picked up the thread when he joined Harris on stage, saying he envisioned "a future where healthcare is a right"–a future …more…
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Lawrence Summers and N.K. Singh: The World Is Still on Fire
 04/15/24 06:46AM - CAMBRIDGE/DELHI – For the last several years, world leaders have made big promises and laid out bold plans to mitigate the climate crisis and help the neediest countries adapt. At this year's World Bank/IMF Spring Meetings, they must demonstrate that they can fulfill these promises, rather than simply touting new ones. The world is facing …more…
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John Tamny: No, Inflation Is Not 'Too Much Money Chasing Too Few Goods’
04/14/24 10:00AM - Former budget director Mick Mulvaney recently wrote that inflation "is too much money chasing too few goods." That he was incorrect about inflation doesn't indict him as much as it places him in a crowded room with countless other economists, pundits and politicians who've long succeeded in failing to define what inflation is. The simple truth …more…
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Komal Sri-Kumar: Fed: Clueless on Inflation!
 04/13/24 06:47AM - Officials' Reassurance Means Little. We have heard it all from US Federal Reserve Chairman Jerome Powell in recent months – inflation will come down to the central bank's 2% target, we are likely at the peak of interest rates for this cycle, we should anticipate three rate cuts before the end of the year. Through it all, you have read the …more…
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Veronique de Rugy: Say No to This: America's Fiscal Norms Are in Decline
04/11/24 03:30PM - Despite their informal nature, those norms have historically constrained U.S. fiscal policy. But they're eroding. Washington Post columnist Megan McArdle recently wrote that the best argument made in favor of limiting the size of the stimulus during the Great Recession–part of a larger conversation about austerity–was one of ethos. "We …more…
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