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Michael Busler

Michael Busler

Nov 30, 2023
Despite Rhetoric, Inflation Remains a Major Problem
The good news is that the annual inflation rate has fallen from a peak of 9.1% in June 2022 to 3.2% last month. The bad news is that inflation will likely not fall further and could increase in 2024.

Nov 13, 2023
Is Romney/Manchin a Winning Ticket?
There are apparently many Americans who don't want either political party frontrunner to be president.

Nov 8, 2023
House Israel Aid Equipped With a Funding Source
The House of Representatives recently passed a bill to provide $14.3 billion in federal aid to Israel. Usually spending bills do not include a funding source, meaning that the funds will have to be borrowed.

Nov 2, 2023
The Fed's Shockingly Irresponsible Interest Rate Pause
For the second consecutive meeting, the Federal Reserve has decided to hold interest rates constant. Just as it did in 2021, the Fed's monetary policy is shockingly irresponsible.

Oct 30, 2023
UAW Deal Cements Wage-Price Spiral
As noted in a prior column, the country has started to experience the beginning of the dreaded wage-price spiral. This one, like the last one in the 1970s, started with rising energy prices and excess demand caused by poor government policy.

Oct 23, 2023
Biden & Powell Are Vying to Become Carter & Burns
In the 1970s, inflation was increasing, federal government budget deficits were escalating, energy prices were rising, interest rates were spiking, and the country was gripped by a wage-price spiral.

Oct 16, 2023
Latest CPI Proves Inflation Fight Must March On
The September consumer price index (CPI) number indicated that the annual inflation rate was 3.7%. This is the same annual inflation rate posted in August. At its September Open Market Committee meeting, the Fed decided to pause the interest rate hikes.

Oct 9, 2023
The Dreaded Wage-Price Spiral Has Already Begun
Perhaps the biggest fear about allowing inflation to linger, which the Federal Reserve has done by pausing interest rate hikes, is that long inflation leads to a nasty wage-price spiral.

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