The Price Stability Act of 2022, a bill before the House Financial Services Committee, would turn the Federal Reserve’s dual mandate into
This article was originally published in the Economic Forces newsletter. Price theory is about supply and demand. Why is the price of good
In the Wall Street Journal, Philip Magness, Director of Research and Education at the American Institute for Economic Research (AIER), points out
Sales of light vehicles totaled 13.3 million at an annual rate in July, up from a 13.0 million pace in June. The
The Institute for Supply Management’s composite services index increased to 56.7 percent in July, rising 1.4 points from 55.3 percent in the
With the smoke from the recent Recession Definition War still wafting in the air, I want to suggest that America’s economy is
Reprinted from the James G. Martin Center for Academic Renewal A reporter who hasn’t dreamt of one day writing for the New York Times is
There are two ways to conduct monetary policy. One approach consists of giving monetary policymakers the discretion to decide their policy at
The Institute for Supply Management’s Manufacturing Purchasing Managers’ Index fell to 52.8 percent in July, off 0.2 points from 53.0 percent in
The latest Job Openings and Labor Turnover Survey from the Bureau of Labor Statistics shows the total number of job openings in
