The Fed’s New “Twist” – Not Likely To Help

Late Wednesday The Federal Reserve announced a new program to try to stimulate  the economy so that maybe somebody, somewhere could get a new job, or maybe it's so that critics would shut-up about employment.  It's always hard to tell what The Fed's real objectives are.  I don't have time to explain now why it's … Continue reading The Fed’s New “Twist” – Not Likely To Help

Inflation Still Not A Problem

Inflation is notoriously difficult to measure.  Economists attempt to measure using the change in various price indices such as Consumer Price Index or GDP Deflator. But that's flawed since it depends on the basket of goods chosen and the various adjustments made to the index to reflect quality changes, etc.  It's even more flawed when … Continue reading Inflation Still Not A Problem