All Posts Tagged With: "consumer price index"

Sardines at Midnight

Sardines at midnight? If the mood should strike me, I can zip down to the local Safeway store here in Belmont, California, which is open 24/7, and be back with a can in 20 minutes. My biggest problem would be choosing from among Thai, Canadian, Polish, or Norwegian sardines packed in water, olive oil, tomato-basil, [...]

24Aug2011 | Warren C. Gibson | 3 comments | Continued

What’s Up with Inflation?

Inflation as measured by the Consumer Price Index (CPI) has been almost nonexistent for several years, though it started creeping higher in the first half of 2011. Yet many prices have been rising at double-digit percentage rates. Are official figures trustworthy? And what of expectations? There is a great deal of buzz right now about inflation [...]

22Jun2011 | Warren C. Gibson | 14 comments | Continued

Capital Letters

Is Greenspan Really Innocent of Causing the Housing Boom? David Henderson and Jeff Hummel have written a remarkably pro-Greenspan article, “Was Money Really Easy Under Greenspan?” (www.tinyurl.com/cuf3ug).  The authors overlooked several points that would undermine their portrayal of Fed chairman Alan Greenspan as an anti-inflationist and the best Fed chairman ever. (Better than Paul Volcker?) [...]

21May2009 | mnolan | 0 comments | Continued

Subprime Monetary Policy

In recent years monetary policy has been conducted so as to create an expectation that the Federal Reserve will bail out investors when asset bubbles deflate. Investors have come to bank on the Fed’s backing of risky ventures. The recent crisis in the subprime mortgage market is at least partly the outcome of this new [...]

1Nov2007 | Gerald P. O'Driscoll, Jr. | 2 comments | Continued

Monetary-Policy Disasters of the Twentieth Century

Kirby R. Cundiff is an associate professor of finance at Northeastern State University in Tulsa, Oklahoma, and an adjunct associate professor of finance at the University of Maryland University College. The Federal Reserve System was created in 1913 and soon did what central banks almost always do: it started printing lots of money. During World [...]

1Jan2007 | Kirby R. Cundiff | 5 comments | Continued

Only the Rich Are Getting Richer? It Just Ain’t So!

“In an era when the rich are the only income group getting richer,” begins an article in the April 13 Washington Post. (Blaine Harden, “As the Rich Ride In, Many Are Priced Out of Homes on the Range.”) But in this one 13-word statement, versions of which have become so common in conversations and newspaper [...]

1Aug2006 | David R. Henderson | 0 comments | Continued

If Alan Greenspan Lived In Huntsville, Alabama!

I wish Alan Greenspan lived here. That way he’d know that there’s a Huntsville, Alabama, grocery chain selling chicken leg quarters for 29 cents a pound. That ain’t exactly a sign of inflation. Consequently, the next time the Federal Reserve Board met: Mr. Greenspan and his pals wouldn’t touch the button marked “mash to raise [...]

1Aug2002 | Ted Roberts | 0 comments | Continued

Which Is the Best Inflation Indicator: Gold, Oil, or the Commodity Spot Index?

This column developed out of a running debate I’ve had with the editors of the Wall Street Journal and the New York Times. In the financial news, the Times highlights the price of oil as the best indicator of commodity prices and inflationary expectations. The front page of the Wall Street Journal publishes nine prices and indices, including oil and the Dow Jones Commodity Spot Index, to reflect activity in the financial markets.

1Feb1997 | Mark Skousen | 0 comments | Continued

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