All Posts Tagged With: "M1"
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 | ContinuedGovernment’s Diminishing Benefits from Inflation
For millennia governments have resorted to expanding the money stock, either through coinage debasement or fiat money, to finance their expenditures. This expedient, with its resulting price inflation, has occurred most noticeably during wars. And the Zimbabwe hyperinflation of 2007–08, the second worst in world history, peaking at a rate of 79.6 billion percent per [...]
22Oct2010 | Jeffrey Rogers Hummel | 6 comments | ContinuedThe Greenspan Fed in Perspective
Some readers of the Wall Street Journal might have been led to believe that Alan Greenspan had somehow followed Milton Friedman’s monetary rule. We now see, though, that there was no well-grounded rule; there was no standard.
1Jun2006 | Roger W. Garrison | 1 comment | ContinuedMoney in the 1920s and 1930s
Richard Timberlake is a professor of economics retired from the University of Georgia, and author of Monetary Policy in the United States, An Intellectual and Institutional History (University of Chicago Press, 1993). This article is the first in a series. One of the most enduring and troublesome mysteries in economics is money: how it is [...]
1Apr1999 | Richard H. Timberlake | 3 comments | Continued-
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