Bondage and Discipline

Dec 16, 2011, 8:36 AM

When inflation rates in most countries soared during the 1970s, economists reacted by developing ad hoc theories about why this was inevitable with discretionary... Read »

Good Deflation/Bad Deflation, Good Inflation/Bad Inflation

Dec 14, 2011, 12:05 PM

I recently attended an economic conference with mostly conservative-leaning economists.  Someone had a paper that mentioned how certain types of deflation can actually... Read »

Deflationary Pressures Are Everywhere This Morning

Dec 12, 2011, 10:15 AM

When the precious metals decline there is a very good chance that deflation is taking hold. This morning, both gold and silver are declining sharply lower. This... Read »

The Real Yield: A Critical Factor In The Current Climate

Sep 12, 2011, 8:56 AM

Conventional wisdom says that gold prices are a reliable indicator of the prevailing inflation winds. At best, that’s only a half-truth. The relationship between... Read »

Is Battling Deflation The New New Thing Again?

Aug 8, 2011, 9:34 AM

The week ahead will surely be a stress test. Friday’s downgrade of the U.S. credit rating, although hardly a surprise, seems to have unleashed a higher round... Read »

Do the “Rentiers” Actually Gain from Deflation?

Jul 7, 2011, 12:52 PM

I don’t know the precise definition of this (French?) term, but I’d like to use Paul Krugman’s definition, as I’ll be commenting on his post: Financial securities... Read »

The Weak and the Slow Get Crushed

Feb 15, 2011, 9:55 AM

“We do not now have a problem…. Inflation made here in the U.S. is very, very low” -Federal Reserve Chairman Ben S. Bernanke, February 10, 2011 “Inflation... Read »

Putting QE2 to the Test

Nov 17, 2010, 8:28 AM

The first big test of the Fed’s latest phase of monetary stimulus (a.k.a. QE2) begins, well, now. The jury’s still out on the final verdict, but for... Read »

Commodity Inflation

Nov 10, 2010, 1:41 PM

I guess now we know that the Fed has the tools to prevent deflation. Recent research by Ke Tang and Wei Xiong documents that the correlation between the price changes... Read »

Deflation Worries Weren’t Misguided

Oct 15, 2010, 11:04 AM

Today’s update on September consumer price inflation suggests that the worries about deflation in recent months weren’t misguided. Although consumer prices overall... Read »

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