It is hard to say with any certainty, though my best guess would be no in the short run and probably in the long-run. In the short-run, say, five to 18 months, the aggregated price level will likely experience very little inflation. The long run, however, might be a different story, especially with healthcare. Price … Continue reading Will Prices Increase Once Businesses Reopen?
On social media, people are up in arms with how the government is quick to take care of the filthy wealthy bankers and don't care at all about the working-class folk. "Oh, so the government can inject $1.5 Trillion in an instant to save the banks but can't provide free healthcare to the 99 percent … Continue reading Hysteria: $1.5 Trillion Injection From the Fed
As humans, we are plagued with the innate hubris of our ability to control our world. Here's the reality: Not only do we have very little control over our own career paths, but we hardly stick to our own weekly schedule! There are far too many variables that get in the way of our plans. … Continue reading The “Economy” is Much Harder to Control Than You (or Trump) Thinks
Jerome Powell replaced Janet Yellen as the new Chairman of the Federal Reserve. This change will give the Fed a chance to reconsider how it conducts monetary policy. There had been a consensus among macroeconomists since the 1980s, but like many things, it was shattered by the Great Recession. One alternative for the new Fed … Continue reading Making Sense of Nominal GDP Targeting
Though we don't like the sound of it, prices aren't increasing as fast as the economy's overlords would like. We might need to thank globalization for that. What's inflation again? Inflation is when prices of goods and services increase along with a simultaneous decrease in the purchasing power of the dollar. This is caused, almost … Continue reading Inflation Is Weird Right Now