Inflation is at near 40-year highs and a recent poll found that “a quarter of respondents blamed President Biden directly for inflation.” Not surprisingly, with midterms coming up in November,…
What is President Biden’s plan to beat inflation? He tweeted out last week: This was the first time I have encountered the idea that high rates of inflation can be…
The Bureau of Labor Statistics (BLS) released figures for the Consumer Price Index (CPI) in April today. The good news was that the CPI increased by 0.3 percent in April,…
The Bureau of Labor Statistics (BLS) announced last week that, at 8.5 percent from March 2021 to March 2022, inflation was running at its fastest year-on-year rate since December 1981.…
The Bureau of Labor Statistics announced this week that inflation rose by 8.5 percent in the year to March. This is the fastest annual rate of increase since December 1981.…
On Tuesday, the Bureau of Labor Statistics (BLS) announced that inflation was 1.2 percent in March and 8.5 percent over the year (for the Midwest the figures were 1.3 percent and 8.6 percent, respectively).…
Are people greedier here? Recently, I had an op-ed in the Star Tribune arguing that the high housing costs we face in Minnesota are not a problem, but rather a…
In March, the Bureau of Labor Statistics (BLS) reported that the Consumer Price Index had risen by 7.9% over the previous year, the fastest year-on-year rate since January 1982. Stripping out volatile…
In a puzzling statement when he was running for the presidency, now President Joe Biden said “Milton Friedman isn’t running the show anymore.” Quite what he meant by that is anyone’s guess,…
The rate of year-over-year inflation in the United States hit a 40-year high of 7.9 percent in February. In the Midwest, the rate was a touch higher at 8.0 percent, driven in…
The rate of year-over-year inflation in the United States hit a 40 year high in February. The rate of increase was higher in the Midwest than it was for the…
Today, the Bureau of Labor Statistics (BLS) announced that inflation was 0.8 percent in February and 7.9 percent over the year (for the Midwest, the figures were 0.9 percent and 8.0 percent, respectively). This…
Earlier this month, the Bureau of Labor Statistics released figures showing that, over the previous year, prices had risen by 7.5 percent, the fastest year-on-year rate since February 1982. Because…
Last week, I noted that in January, Consumer Price Inflation (CPI) was running at its highest year over year rate since February 1982. This is the inflation figure most familiar…
Today, the Bureau of Labor Statistics (BLS) announced that inflation was 0.6 percent in January and 7.5 percent over the year (the increase was 7.9 percent in the Midwest). This is the fastest…
In the year to December, the Consumer Price Index (CPI) rose by 7 percent, its fastest rate of annual increase since June 1982. “Core CPI” — which excludes more volatile food…
The United States is currently experiencing its fastest rate of inflation, year over year, since mid-1982. Those of you who are old enough to remember that might also remember the…
Inflation is running at its fastest rate, year over year, since June 1982. Generally, people see this in the form of rising prices. But that is only part of the…
March 2021 saw the passage of the $1.9 trillion American Rescue Plan (ARP). At the time, the Biden administration touted a study by Moody’s Analytics, which: “…projects that the President’s…
Today, the Bureau of Labor Statistics (BLS) announced that inflation rose by 7.0 percent in the year to November. This is the fastest annual rate of increase since June 1982. Stripping…
Back in July, President Biden said that “no serious economist” was worried about “unchecked inflation.” In October, with inflation still stubbornly high and rising, White House Press Secretary Jen Psaki…
When I started studying for my economics degree in 2007, people’s eyes would glaze over when I told them what I studied. By the time I started my second year…
As the pandemic passes and national and state economies reopen, what is in store for the economy? Some basic macroeconomics might tell us. Theory The macroeconomics of a pandemic When…