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Powell pivots, but inflation will likely remain high for years

William J. Luther
William J. Luther
PLUS Fed credibility; Inflation projections; and more…

Recent Articles
Powell Pivots as Inflation Picks Up
Will the Fed Do Enough to Bring Down Inflation?
Fed Officials Think Inflation Should Remain High Through 2024
Available at Amazon.
Available at Amazon.
Media Mentions
Federal Reserve and Inflation: Wrong on Average
Nonprofit hospitals weigh the risks of accepting crypto donations
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Follow The Money: How the Gold Standard is Great Politics
Twitter Takes
William J. Luther
Nominal spending looks likely to exceed trend in Q4-2021. You can’t spin this forever. At some point, you’re gonna have to own it.
William J. Luther
Can I redeem bitcoin for the energy and capital depreciation used to create it? No. Therefore, it is not backed. QED.
William J. Luther
Putting aside the misuse of the term “backed” in the tweet quoted below, the bigger issue here is the suggestion that #bitcoin is valuable *because* it is costly to produce. That’s wrong. Let me explain. 🧵
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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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