Another Saturday Night

Michael Ashton - 12/03/09

You Don't Say?

Michael Ashton - 11/25/09

Today's Data Is Not What The Fed Wants To See

Michael Ashton - 11/18/09

Forecasting Core CPI

Michael Ashton - 11/13/09

'Too Big To Fail' And The One-Way Arrow Of Antitrust

Michael Ashton - 11/10/09

Union Membership And Core Inflation

Michael Ashton - 11/03/09

 

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Another Saturday Night

by Michael Ashton on December 3, 2009

Thirty years ago, Volcker's "Saturday Night Special" announcement kicked off a monetarist experiment that permitted the Fed's direct assault on inflation. Maybe it is time to try it again. Read more »

You Don't Say?

by Michael Ashton on November 25, 2009

The Fed suspects that if rates are kept very low for a long time, it is possible that such policy could lead to excessive risk-taking in financial markets. Really. Read more »

Today's Data Is Not What The Fed Wants To See

by Michael Ashton on November 18, 2009

A small upside surprise in CPI could have been a bigger one without the housing-bubble unwind; this, combined with plummeting Housing Starts, is a bad set of data for the Fed. Read more »

Forecasting Core CPI

by Michael Ashton on November 13, 2009

We offer a forecast for year-ahead core inflation, and explain the risks to that forecast. Read more »

'Too Big To Fail' And The One-Way Arrow Of Antitrust

by Michael Ashton on November 10, 2009

Think that companies which are "too big to fail" ought to be broken up and the pieces cast to the wolves? Great idea, except for the part about the government seizing private property. Read more »

Union Membership And Core Inflation

by Michael Ashton on November 3, 2009

Evidence that union membership is closely related to core inflation is suggestive, but raises questions. Read more »