Blinder Can’t Explain Away the Inflation Fiasco



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William J. Luther
William J. Luther
PLUS Powell on Phillips Curve; Forecasting prices; Bitcoin memes; and more…

Recent Writings
Blinder Can’t Explain Away the Inflation Fiasco
Federal Reserve Chairman's Inflation Views Mainstream
Forecasting Prices from FOMC Projections
Bitcoin Is Not a Battery
Available at Amazon.
Available at Amazon.
Media Mentions
Inflation's historic 40-year spike comes with surprisingly reassuring news
Will 2022 be a boom year for cryptocurrency philanthropy?
Inflation Cure Without Recession? Currency Reform
Twitter Takes
William J. Luther
That 1 bitcoin = 1 bitcoin should give one as little confidence in its real purchasing power as 1 lira = 1 lira, 1 bolivar = 1 bolivar, or 1 peso = 1 peso—which is to say, none at all.
One should EXPLAIN bitcoin's value rather than merely ASSUMING it.
William J. Luther
Prices grew 5.6 percent from December 2020 to December 2021. It has grown at an average annual rate of 3.5 percent since January 2020.
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William J. Luther
William J. Luther @williamjluther

William J. Luther is an associate professor of economics at Florida Atlantic University and director of the American Institute for Economic Research's Sound Money Project.

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