Inflation galloping ahead according to January data
The producer price index roared ahead in January at double the rate economists forecasted: The producer price index, which measures final-demand goods and services, increased 1% for the month, against the…
White House searches for scapegoats to take the blame for rising gas prices
There’s been a steady drum beat in the press and from political circles for someone – the president, Congress, somebody – to do something about rising gas prices. Here’s a…
Proof that politicians don’t set foot in grocery stores
In another example of bipartisanship proving itself to be a window into the economic illiteracy, Sens. Amy Klobuchar and Chuck Grassley are pushing legislation to ban companies like Amazon and…
Lessons from history on inflation and political risk
The great inflation debate in the U.S. is still in its early stages, but the most recent inflation print, showing May’s consumer prices rising at their fastest rate since 2008,…
