The Fed’s Favorite Price Index Just Hit the Highest Level Since January 1982
The personal consumption expenditures price index rose 6.8%, the biggest 12-month move since the 6.9% increase in January 1982.
The personal consumption expenditures price index rose 6.8%, the biggest 12-month move since the 6.9% increase in January 1982.
Critics claim the market economy engages in "planned obsolescence" that encourages throwing good products into landfills. In fact, activities that might seem wasteful are the best use of resources.
Bombing private property is bad. So, when someone bombed the pro-eugenics, antihuman Georgia "guidestones," we naturally condemned the bombing. But let's not pretend the monument was a good thing.
Robert Kagan agrees that the World War II American interventionists were imperialistic but maintains that a form of imperialism based on American values was the proper policy aim then and remains so today.
Mention Rastafarianism and most likely reggae, dreadlocks, and Bob Marley come to mind. However, Rastafarianism helped downtrodden Jamaicans resist the oppressions of colonialism.
While divine monarchy might seem illogical or archaic, it had a larger positive economic impact in society that historians have overlooked.
Members of Congress spent less time in Congress in the past. Holding Senators to a single term or a House member to 2 terms would move averages back to where they were 150 years ago.
The state of the economy is not good. Powell knows it. Yellen knows it. Most people in the real world know it.
Politicians, academics, and the media often call for a new Manhattan Project to deal with economic issues. But there is a huge difference between technological problems and economic ones.
It's going to take more than a 0 percent policy interest rate and a newly invented name for QE to really address years of monetary inflation.