Prices Rose Even Faster In June

Far from moderating, new data from the Bureau of Economic Analysis show that inflation picked up in June. The Personal Consumption Expenditures

Price Stability and the Fed

The Price Stability Act of 2022, a bill before the House Financial Services Committee, would turn the Federal Reserve’s dual mandate into

Bitcoin and the Cost Fallacy

This article was originally published in the Economic Forces newsletter. Price theory is about supply and demand. Why is the price of good