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White House Struggles to Talk About Inflation, the ‘Problem From Hell’

WASHINGTON — President Biden was at a private meeting discussing student debt forgiveness this year when, as happens uncomfortably often these days, the conversation came back to inflation.“He said with […]




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Is ‘Greedflation’ Rewriting Economics, or Do Old Rules Still Apply?

When all prices are rising, consumers lose track of how much is reasonable to pay. “In the inflationary environment, everybody knows that prices are increasing,” said Z. John Zhang, a […]




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Biden’s Curious Talking Point: Lower Deficits Offer Inflation Relief

As Americans deal with the highest inflation in decades, President Biden has declared that combating rising costs is a priority for his administration. Lately, he has cited one policy in […]




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States Turn to Tax Cuts as Inflation Stays Hot

A new report from the Tax Policy Center, a left-leaning think tank, said total state revenues rose by about 17.6 percent last year. State rainy day funds — money that […]




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The Fed Wants to Fight Inflation Without a Recession. Is It Too Late?

The Federal Reserve is poised to set out a path to rapidly withdraw support from the economy at its meeting on Wednesday — and while it hopes it can contain […]




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Covid Stimulus Money Brings Clashes Within Cities and Counties

Dutchess County residents were similarly agitated, if less rowdy, at their June 14 meeting about the stadium. Guidance on using the funds issued by the Treasury Department specifically cited stadiums […]




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Berkshire Hathaway Rebounds From the Pandemic

Warren E. Buffett is eager to make one point clear about Berkshire Hathaway, the conglomerate he controls: It is a good corporate American citizen.In announcing Berkshire’s nearly $90 billion profit […]




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Black Farmers Fear Foreclosure as Debt Relief Remains Frozen

The legal limbo has created new and unexpected financial strains for Black farmers, many of whom have been unable to make investments in their businesses given ongoing uncertainty about their […]




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Modern Monetary Theory Got a Pandemic Tryout. Inflation Is Now Testing It.

The problem is that the alternative to a Fed response is, at the moment, not obvious. The Biden administration’s attempts at tamping down price increases — longer port hours, release […]




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Little of the Paycheck Protection Program’s $800 Billion Protected Paychecks

Most notably, they gutted the requirement that borrowers who wanted their loans forgiven maintain their prepandemic head counts. And they reduced the percentage of the loan that borrowers seeking forgiveness […]