Bitcoin Is Not a Battery
If you have spent much time in the bitcoin community over the last year, you have probably seen someone claim...
William J. Luther
Forecasting Prices from FOMC Projections
Most Americans are not used to paying much attention to inflation. Many price and wage changes are made on autopilot....
Fed Officials Think Inflation Should Remain High Through 2024
Most people think inflation is too high today, and the Federal Reserve (Fed) should take steps to reduce it. The...
Will the Fed Do Enough to Bring Down Inflation?
Inflation climbed even higher in November, new data show. The Bureau of Labor Statistics reports that the Consumer Price Index...
Powell Pivots as Inflation Picks Up
For the past few months, Federal Reserve Chair Jerome Powell has assured markets that high inflation would be temporary, as...
What Does ‘Transitory Inflation’ Really Mean?
No one denies that inflation has been higher than usual in recent months. The personal consumption expenditures price index (PCEPI),...
Assessing Market Expectations of Inflation
Economists continue to debate whether the high rates of inflation observed over the last few months are transitory or permanent....
Is Inflation Above the Fed’s Target?
The Bureau of Economic Analysis reported year-on-year inflation of 4.3 percent for August. The annual rate of inflation was 4.2...
The Federal Reserve Is Not Credible
Inflation remained high in August, latest data show. The Personal Consumption Expenditures Chain-type Price Index (PCEPI) grew at a rate...
Trouble Transacting with Bitcoin
One shortcoming of the bitcoin protocol is its limited transactions capacity. In the early stages of bitcoin’s development, Satoshi Nakamoto...
What’s Wrong With Bitcoin’s Supply Mechanism?
The pseudonymous Satoshi Nakamoto recognized the problem with unconstrained fiat monies. A central bank can create as much fiat money...
Is Inflation Merely Catching Up?
Everyone is talking about inflation. And rightly so. The consumer price index (CPI) grew by 5.4 percent from June 2020...
