font size The money supply is declining in absolute terms. Additional tightening by the US Federal Reserve risks triggering a recession, writes Robert Heller. El Drago/Bloomberg About the author: Robert Heller He is a former member of the Board of Governors of the Federal Reserve System. Inflation is the most important issue facing the economy … Read more
font size The Fed raised interest rates seven times in the past year. Andy Jacobson/AFP/Getty Images The Federal Reserve faces a very important decision in the coming weeks. Markets expect the central bank to raise interest rates by a quarter of a percentage point, marking a significant slowdown in the pace of history-making increases. If … Read more
Did Dr. Pangloss have a Ph.D. in economics? It seems so. in Voltaire CandideAnd Dr. Pangloss He declared himself the best of all possible worlds, despite the evidence around him. And sure enough, things are getting better, and the markets and media are increasingly in agreement, at least as far as inflation is receding. But … Read more
