These are tough times for central bankers. As they tighten monetary policy to combat inflation, governments in the U.S., U.K. and EU spend too much, and supply-side problems are becoming Read more
Tag: Energy Security
Opinion: If Europe and the U.S. want to win the war in Ukraine, they must enlist their economies in the fight
NEW YORK (Project Syndicate)—Politically, the G-7 and like-minded countries around the world have adopted a war footing to stop Russian aggression. Russian President Vladimir Putin violated the most fundamental principle Read more
Opinion: The U.S. needs a unified energy industry to deal with soaring oil prices, OPEC+ and climate change
Americans are paying 25% more for gasoline than they did a year ago. Higher gas prices force difficult decisions about buying food, paying rent and other essentials. Some argue it’s Read more
Opinion: A new progressive agenda must harness the power of the people’s government to drive innovation as well as equity
LONDON (Project Syndicate)—With much of the world facing unavoidable health, energy, cost-of-living, and climate challenges, progressive political leaders have an opportunity to articulate a meaningful alternative to traditional economic policy-making. Read more
Opinion: Inflation hasn’t peaked yet because rents are still rising fast
There was no inflation in July, the government said Wednesday. That’s great news. But let’s not get too far ahead of ourselves. It’s not time to break out the champagne. Read more
Opinion: Are you confused about why there are so many different inflation measures? We can explain.
Measuring inflation—the rate of change in the level of prices—requires comparing the prices of a basket of goods and services over time. While that idea sounds straightforward in principle, measuring inflation Read more
Opinion: Inflation is spiking around the globe, not just in the United States
The 9.1% increase in U.S. consumer prices in the 12 months ending in June 2022, the highest in four decades, has prompted many sobering headlines. Meanwhile, annual inflation in Germany and the U.K.—countries with comparable Read more
Opinion: The Fed’s inflation promises are simply not credible
With inflation running high for the last 14 months, we can sadly conclude it’s entrenched, will be difficult to conquer and is hardly the province of the Federal Reserve alone. The Read more
Opinion: Everything you need to know about the economic recession that we are definitely not in right now
It’s getting wild. We’re already hearing a lot of loose talk about the economy this week, with the Federal Reserve scheduled to raise interest rates again on Wednesday to fight Read more
Opinion: A recession can be avoided if Americans accept 4% inflation
Federal Reserve Chairman Jerome Powell now recognizes it will be difficult to avoid a recession, but accomplishing this soft landing will depend on accepting a higher inflation target than 2%. The Fed began Read more