Joe CarsonMar 16, 2022Cyclical and Structural Forces in Labor Markets Makes The Fed's 2% Target Obsolete
Joe CarsonMar 10, 2022Fed's Decision: "Go Slow" or "Go Bold"? In the movie "Draft Day," Kevin Costner, the GM of the Cleveland Browns, tells a stunned GM of the Seattle Seahawks of a last-minute...
Joe CarsonMar 1, 2022Manufacturer's Buying Policy Signal Firms Are Expecting Persistent InflationIn February, the Institute of Supply Management (ISM) reported that the lead time for capital expenditures, production materials, and...
Joe CarsonFeb 21, 2022The Fed's Problem: "It's All About The Money"The Fed has a problem. It's in the business of creating money, but it formulates monetary policy without regard to money itself. So in...
Joe CarsonFeb 15, 2022The Fed is Mistaken: It's the Removal of Inflation That is Destabilizing, Not Late Policy MovesThe Fed is mistaken. The removal of inflation has the most significant destabilizing effect on the economy, not the abrupt change in...
Joe CarsonFeb 11, 2022Does the Fed Still Believe in the Efficacy of Monetary Policy?In January, consumer price inflation of 7.5% for the past year represents the highest twelve-month increase since 1982. As alarming as...