Depressing economic news is everywhere. getty The recent release of the January PCE (personal consumption expenditures) inflation figures sparked the now all-too-familiar scary inflation headlines. Bu...
Tag: Jason Furman
Despite What Economists Believe, Putting People Out of Work Does Not Reduce ‘Inflation’
Recently the New York TimesNYT reported on the ShotMaster Pro, a remarkable piece of machinery that can make eight different espressos at a time, or 700 per hour. The cost of this modern “robot” is $5...