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price stability

The Inflation Emotion(s)

By |2021-06-09T19:54:41-04:00June 9th, 2021|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Inflation is more than just any old touchy subject in an age overflowing with crude, visceral debates up and down the spectrum reaching into every corner of life. It is about life itself, and not just quality. When the prices of the goods (or services) you absolutely depend upon go up, your entire world becomes that much more difficult. For [...]

Departing Science, Inflation Evidence

By |2014-03-18T16:34:36-04:00March 18th, 2014|Economy, Federal Reserve/Monetary Policy, Markets|

In the Spring of 1991, Lee Hoskins, then the President of the Cleveland Fed, penned an article that defended his view of inflation against what he considered the mainstream critiques of that position. President Hoskins favored zero inflation, a thought long since banished from anything in the orthodox literature. He even went so far as to argue that zero inflation [...]

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