The Federal Reserve Is Not Credible

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William J. Luther
William J. Luther
PLUS Inflation targets; Market expectations; Defining transitory; and more…

Recent Articles
The Federal Reserve Is Not Credible
Is Inflation Above the Fed’s Target?
Assessing Market Expectations of Inflation
What Does ‘Transitory Inflation’ Really Mean?
Available at Amazon.
Available at Amazon.
Media Mentions
Why debt limit standoff could be worrisome for banks
Cash: A crash course
Economist Explains Problem With Just Minting $1 Trillion Coin to Pay the Government’s Bills
Twitter Takes
William J. Luther
2008: bolívar fuerte introduced (1,000 bolívar/bf)
2018: bolívar soberano introduced (100,000 bf/bs)
2021: bolívar digital introduced (1,000,000 bs/bd)

#Venezuela’s new bolívar digital is equivalent to 100,000,000,000,000 (read: 100 trillion) pre-2008 bolívars. https://t.co/JQFOtWv0nI
William J. Luther
The Narrative. A story in three parts.
1. We are in a recession. There’s no reason to worry about the economy overheating right now.
2. Inflation is temporary, reflecting supply constraints.
3. The economy is running hot—and that’s actually a good thing! https://t.co/VImPH2QXMe
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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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