Words & Numbers: Peter C. Earle On The Death of Silicon Valley Bank
Peter C. Earle, AIER Research Faculty and former Wall Street trader, joins AIER Senior Editor James Harrigan and Antony Davies on the Words & Numbers podcast to talk about what happened to Silicon Valley Bank.Earle outlines how the bank failure
Fed Raises Rate, But Signals Potential Pause in May
The Federal Open Market Committee (FOMC) moved forward with an anticipated 25-basis-point increase in its federal funds rate target on Wednesday. It no longer, however, “anticipates that ongoing increases in the target range will be appropriate in order to attain
Moral hazard is a fact of life. The Fed should focus on inflation.
February’s inflation data were an unwelcome surprise. The Consumer Price Index (CPI) grew at a continuously compounding annualized rate of 4.4 percent on the month. Core CPI, which excludes volatile food and energy prices, grew 5.4 percent. The Fed still
Liberalism Needs No Enemies
In his instructive political fable, The Awakening of Jennifer Van Arsdale, George Leef writes, “Liberalism is the one philosophy that requires no enemies… It minimizes conflict and calls upon people to resolve whatever problems arise through peaceful means.” By liberalism, Leef
Business Conditions Monthly March 2023
The AIER Leading Indicator remained essentially neutral in February 2023, maintaining the level of 58 from the previous month. Our Roughly Coincident Indicator rose from 50 to 92 in February 2023, with the Lagging Indicator falling from 50 to 33. Over