Relevant and even prescient commentary on news, politics and the economy.

Just a little (semi)-personal note

Just about everyone who knows me well knows that I’m a WWII buff and have a very soft spot for veterans of that war.  So this really touched me. I thought some other Bears and readers, who don’t read the Washington Post regularly and would otherwise miss seeing this, might enjoy this little reason to […]

Does targeting low inflation cause higher unemployment?

Does targeting low inflation lead to higher unemployment? In other words, is it possible that a higher natural rate of unemployment is necessary to maintain a lower rate of inflation? Output and prices move together to maintain economic momentum. Normally output increases in response to demands in the market, which keeps prices stable. Yet, at […]