Opposite What Economists Believe, Rising Wages Signal Easing Inflation

In the closing months of 2020 as the horrid lockdowns related to the coronavirus began to ease, the American people started to live again. With restaurants in some cities re-opened for – gasp – actual...

If Economists Fear Inflation, It’s a Sign You Should Not

It was a running joke in the late 1990s at Goldman Sachs that its well-to-do clients would call the investment bank to learn the predictions of the firm’s economists, only to commit capital to outcome...

Do Serious People Still Take Seriously the Fed and ‘Soft Landings’?

Who is the most productive 3-point NBA shooter over the last two years? The nature of the question should quickly reveal it as a trick one of sorts. In other words, the answer isn’t Steph Curry. But t...