Hedonic adjustments and inflation Down Under

Years ago, at the Rugby 7s in New Zealand, I found myself talking to a young lady from England. She’d found a working holiday job…

Show me the central bankers’ incentive, and I’ll show you the inflationary outcome

People often wonder how the hell inflation got so badly out of control in Weimar in Germany. Well, you’re about to find out. And not…

Russia waited for the Beijing Olympics to end. China, too…

A few months ago, the New York Times reported “China Asked Russia to Delay Ukraine War Until After Olympics”. But what if they weren’t the…