Power & Market

Earlier this month, price growth as measured by both the official federal CPI and the PPI showed that price growth is accelerating in the US.

Against the odds, the Memorandum of Understanding signed by the US and Iran appears to be holding, after threats and counter-threats.

Yogi Berra, Hall of Fame catcher with the New York Yankees, used to say, “Always go to other people’s funerals.

Greenspan served as an especially important cog in this machine by increasing the Fed’s prerogatives within the global economy.

The "theory of the firm" doesn't have a consistent answer.

Abstract:

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Once we look beyond a small shift in rhetoric and emphasis, there is, so far, no reason to believe that the Fed is headed toward anything other than business as usual. 

This is it. Will a "better man" finally succeed where all other central planners have failed?

For many ordinary workers—many of which are stuck with part-time work and falling real wages—it's hard to see how this is a "blowout" jobs report.