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Inflation

How To Bring Down Exorbitant College Costs

Martha T.S. Laham | Posted 08.29.2015 | Fifty
Martha T.S. Laham

Lawmakers from across the country are in a perennial tug-of-war over the best ways to make college affordable and to find solutions to the student debt crisis, and so are several presidential hopefuls.

Unlike Donald Trump's Campaign, His Take On The Federal Reserve Is Sort Of Serious

The Huffington Post | Daniel Marans | Posted 08.05.2015 | Entertainment

Donald Trump, real estate mogul and ersatz Republican presidential candidate, is not one for in-depth policy prescriptions. The entertainer's campaign...

Iran Agreement Means Lower Inflation, Higher Growth

Harlan Green | Posted 07.16.2015 | Business
Harlan Green

It will give Janet Yellen's Federal Reserve room to keep interest rates lower longer, thus boosting consumer spending as well as the housing market, which is beginning to show more robust growth with builder confidence at its strongest level since 2005.

What Do We Do Now That the Fight for a Living Wage Is Achieving Results?

Ian Reifowitz | Posted 07.08.2015 | Politics
Ian Reifowitz

Who knows if the improving figures from the past 12 months are the start of reversing these trends? Either way, we must keep pushing for increases to the minimum wage, and for the enactment of more policies

What Will Save the Euro?

Harlan Green | Posted 07.06.2015 | Business
Harlan Green

Now that Greece has voted "no" on the latest proposal by the European Commission, the European Central Bank, and the International Monetary Fund (the so-called "troika"), will Greece stay in the eurozone? If so, Greece may save the euro.

Oregon Started a Trend in 1919 with the Nation's First Gas Tax. Will It Do So Again?

Carl Davis | Posted 07.01.2015 | Politics
Carl Davis

As of July 1, up to 5,000 Oregon drivers are allowed to sign up for a program called OReGO that will exempt them from Oregon's gas tax on the condition that they pay a new tax based directly on the number of miles they drive.

The Federal Reserve Board, Jobs and the Rewriting of Economic History

Dean Baker | Posted 06.30.2015 | Business
Dean Baker

As most people know, economists are good at rewriting history. We have seen this in the last few years as the collapse of the housing bubble and the ensuing downturn has been turned into one of those unavoidable tragedies that could not have been prevented.

How Can You "Play It Safe" But Still Beat Inflation?

WiserAdvisor.com | Posted 06.26.2015 | Business
WiserAdvisor.com

You want to play it safe in the investment world. The agony of the recession is fresh in your mind. Your stomach churns at the thought of suffering 2008-style losses.

Mark Blumenthal

Why So Many People Still Don't Like Obamacare

HuffingtonPost.com | Mark Blumenthal | Posted 06.22.2015 | Politics

The Supreme Court could issue a ruling in King v. Burwell, the lawsuit threatening to undermine a key part of the Affordable Care Act, as early as Thu...

The Three M's: Milosevic, Mugabe, and Maduro

Steve H. Hanke | Posted 06.16.2015 | Business
Steve H. Hanke

What do Slobodan Milosevic, Robert Mugabe, and Nicolás Maduro have in common? The Communist Manifesto and inflation.

Here's How a New Social Contract Can Empower the Individual Under Globalization

Kemal Dervis | Posted 06.15.2015 | World
Kemal Dervis

ISTANBUL -- A new social contract is needed to account for the increasingly important role that individual preferences, and individual responsibility, play in today's world. Each citizen should feel empowered, not isolated and abandoned, in the face of globalization and technological transformation.

Ukraine: The World's Second-Highest Inflation

Steve H. Hanke | Posted 06.17.2015 | Business
Steve H. Hanke

I estimate the current annual implied inflation rate in Ukraine to be 92 percent. This is the world's second-highest inflation rate, far lower than Venezuela's 480 percent but slightly higher than Syria's 75 percent.

Venezuela's Inflation: Up, Up, and Away

Steve H. Hanke | Posted 05.29.2015 | Business
Steve H. Hanke

Like the 2009 Oscar award-winning Pixar film Up, Venezuela's annual inflation rate has soared sky high (see the attached chart). On December 31, 2014, Venezuela's bolivar traded at a VEF/USD rate of 171 and the implied annual inflation rate stood at 169%.

Venezuela: World's Highest Inflation Rate

Steve H. Hanke | Posted 05.27.2015 | Business
Steve H. Hanke

Venezuela's bolivar is collapsing. And as night follows day, Venezuela's annual implied inflation rate is soaring. Last week, the annual inflation rate broke through the 500% level. It now stands at 510%.

Joe Satran

Hallelujah! Bacon Prices Are Finally Falling

HuffingtonPost.com | Joe Satran | Posted 05.22.2015 | Taste

Bacon prices rose consistently for nearly five years, reaching an all-time high of $6.11 a pound in June 2014. But now they've finally started to drop...

Are Your Gay Friends Making You Poor?

David Rae | Posted 05.18.2015 | Gay Voices
David Rae

Tip of the week: Know what you can afford and don't be afraid to say no. You can always say yes later when your financial planning pays off with some big dividends.

Brazil Needs a Real Plan for Interest Rates

Robert Wilson | Posted 05.04.2015 | Business
Robert Wilson

The annual credit card interest rate in the United States is roughly the equivalent of the monthly credit card interest rate in Brazil.

Where Is That GDP Growth We Keep Waiting For?

Luis Ubiñas | Posted 05.04.2015 | Money
Luis Ubiñas

Balancing the budget through reduced spending and increased revenues, ending the vast expansion of the Federal Reserve's balance sheet and normalizing interest rates, are all necessary actions in the effort to right the economy in the face of the Great Recession.

Four Forces Facing the Global Economy

Olivier Blanchard | Posted 06.14.2015 | Business
Olivier Blanchard

Behind the numbers lies an unusually complex set of forces shaping the world economy. Some, such as the decline in the price of oil and the evolution of exchange rates, are highly visible. Some, from crisis legacies to lower potential growth, play more of behind-the-scenes role but are important nevertheless. Let me briefly review them.

The Terrible Twos: Central Bank Inflation Targets

Dean Baker | Posted 06.06.2015 | Business
Dean Baker

The March job numbers came in somewhat worse than most analysts had expected. The slower job growth was largely attributable to unusually bad weather in late February and early March, but most of the commentators seem to be missing this fact. Many are warning that the economy might be weaker than they thought. These warnings from commentators are in fact good news. They are good news first because it is almost certainly true that the economy is weaker than these analysts thought. Many had been making silly pronouncements about a new American boom that was not based in any real understanding of the economy. It's always best when the people who are determining economic policy have some idea of the actual state of the economy. The other reason the warnings are good news is that they may slow down the Federal Reserve Board's rush to raise interest rates.

On the Great Inflation Canard

Steve H. Hanke | Posted 06.02.2015 | World
Steve H. Hanke

Recall that the world of that era was one in which the fixed exchange rates ruled the roost. That's not today's world. Indeed, many important currencies now float. Since the world adopted a flexible exchange-rate "non-system", changes in inflation can strike like a lightning bolt.

The Abuse of Faculty at California's Public Universities

Stafford Betty | Posted 06.01.2015 | College
Stafford Betty

I have been teaching at Cal State Bakersfield, one of the 23 campuses of the once proud California State University (CSU) system, for over 40 years, and I've watched a steady erosion in faculty support since 2004.

Remember Inflation?

Terry Savage | Posted 05.30.2015 | Politics
Terry Savage

The inflationary period of the late 1970s is such ancient history that we even have people hoping that a "bit" of inflation -- in wages, in prices -- will help the economy grow. But here are five reminders from history about how inflation destroys savings and value.

Why the Global Economy Continues to Sputter

Kevin Price | Posted 05.19.2015 | Business
Kevin Price

Every part of an economy is aggressively pursuing the necessary capital to continue to grow. When governments crowd out that necessary capital in deficits, debt, and interest on the debt, economies cannot help but struggle where ever such policies exist.

No Excuse for Fed to Increase Unemployment by Raising Interest Rates: Movement to Hold Fed Accountable Gathers Steam

Mark Weisbrot | Posted 05.18.2015 | Politics
Mark Weisbrot

If America is to shed the title of "Land of Inequality," this is how it is going to happen: by more people becoming aware of how the Fed's monetary policy affects them and demanding that it change.