Is Inflation Still A Thing?
quoting Charles I. Plosser via National Review
Not so long ago, during the age of Milton Friedman, the chief concern of monetary policy was inflation. The Federal Reserve’s job was seen as a balancing act: Too low a money supply would slow spending, and too much would erode purchasing power. Of course, given the inoculation of monetary economists against anything resembling deflation, we really only worried about erring in the other direction. Good monetary policy meant open-market operations to keep the money supply on a predictable path, which gives markets a stable foundation for short-term and long-term contracting, facilitating economic coordination.
quoting Charles I. Plosser via National Review
Not so long ago, during the age of Milton Friedman, the chief concern of monetary policy was inflation. The Federal Reserve’s job was seen as a balancing act: Too low a money supply would slow spending, and too much would erode purchasing power. Of course, given the inoculation of monetary economists against anything resembling deflation, we really only worried about erring in the other direction. Good monetary policy meant open-market operations to keep the money supply on a predictable path, which gives markets a stable foundation for short-term and long-term contracting, facilitating economic coordination.
Germany: Meet Angela Merkel's Second Successor by Soeren Kern
Inflation is coming. That might even be a problem.
Michael R. Strain | Bloomberg Opinion
Prices rising faster than the Federal Reserve’s 2 percent target would be welcome, but too much price growth could be a problem. If that happens, the Federal Reserve could be in a bind.
Michael R. Strain | Bloomberg Opinion
Prices rising faster than the Federal Reserve’s 2 percent target would be welcome, but too much price growth could be a problem. If that happens, the Federal Reserve could be in a bind.
The Uncertain Future of Inflation
Allison Schrager, E21
The 10-year breakeven inflation rate returned to its 2018 level this week. The 10-year breakeven is the difference between the 10-year nominal and 10-year inflation-linked bond, it is a measure of what the market thinks inflation will be in several years. The higher rate could mean people may think inflation will return soon. Read more here....
Allison Schrager, E21
The 10-year breakeven inflation rate returned to its 2018 level this week. The 10-year breakeven is the difference between the 10-year nominal and 10-year inflation-linked bond, it is a measure of what the market thinks inflation will be in several years. The higher rate could mean people may think inflation will return soon. Read more here....
The Growth Machine West of the Hudson
Nolan Gray, City Journal
A Physicist Claims Everything About Modern Economic Theory Is Wrong
Brandon Kochkodin, Bloomberg
How to Fix American Capitalism
Edward Glaeser, City Journal
Nolan Gray, City Journal
A Physicist Claims Everything About Modern Economic Theory Is Wrong
Brandon Kochkodin, Bloomberg
How to Fix American Capitalism
Edward Glaeser, City Journal
Who Will Succeed Merkel?
by Josef Joffe via Project Syndicate
Germany's Christian Democrats are poised to choose a new party leader, and that person is almost certain to replace Chancellor Angela Merkel when she steps down in September 2021. All three contenders must somehow distinguish themselves from their rivals while boldly campaigning for continuity.
by Josef Joffe via Project Syndicate
Germany's Christian Democrats are poised to choose a new party leader, and that person is almost certain to replace Chancellor Angela Merkel when she steps down in September 2021. All three contenders must somehow distinguish themselves from their rivals while boldly campaigning for continuity.
Erdogan Will Play Biden, But Stick To Putin
by Soner Cagaptay via The Caravan
A key foreign policy challenge for President-elect Joe Biden is going to be getting along with Turkey’s president Recep Tayyip Erdogan and managing Washington’s ties with Ankara. To this end, Biden needs to understand the dynamics and fears that inform the decisions of Erdogan, Turkey’s powerful president, including the latter’s view of Russian president Vladimir Putin.
by Soner Cagaptay via The Caravan
A key foreign policy challenge for President-elect Joe Biden is going to be getting along with Turkey’s president Recep Tayyip Erdogan and managing Washington’s ties with Ankara. To this end, Biden needs to understand the dynamics and fears that inform the decisions of Erdogan, Turkey’s powerful president, including the latter’s view of Russian president Vladimir Putin.
What AI Can and Cannot Do for the Intelligence Community // Zigfried Hampel-Arias and John Speed Meyers: A realistic appraisal of artificial intelligence shows limits but real promise.
Niger is holding three days of national mourning after more than 100 civilians were killed in attacks on two villages near the border with Mali this past Saturday, AP reported Tuesday.
What you need to know: "The attacks are among the deadliest in Niger and come on the heels of several others, including one by the Islamic State West Africa Province in the Diffa region a few weeks ago in which dozens of people were killed. While no group has claimed responsibility for the attack, Islamic State in the Greater Sahara has increasingly staged assaults in this region." More here.
What you need to know: "The attacks are among the deadliest in Niger and come on the heels of several others, including one by the Islamic State West Africa Province in the Diffa region a few weeks ago in which dozens of people were killed. While no group has claimed responsibility for the attack, Islamic State in the Greater Sahara has increasingly staged assaults in this region." More here.
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