AUSTIN — When assessments of the quasi-inflation of 2021-22 appeared in major US media outlets this month, the prognosis was good: The fever has receded and may already be gone. The latest reports on personal consumption expenditures were jubilant.

AUSTIN — In a recent CNN interview, Paul Krugman of The New York Times finds it hard to understand why ordinary American voters do not share his euphoric view of US President Joe Biden’s goldilocks economy, which appears to be neither hot nor cold.

TOWNSHEND, VERMONT – Three recent articles in The New York Times have signalled a “new” narrative about China. Only weeks ago, China was America’s fearsome “peer competitor” on the world stage. But now, we are told, it is a wounded dragon.

AUSTIN — Back in 2021 and early 2022, a posse of prominent economists, including Lawrence H.

AUSTIN — There is an odious American political mythology concerning bipartisanship, according to which bitter adversaries, scarred by battle, find common ground, join hands, and stroll off together into the sunset. It is mostly hokum. Ulysses S.

AUSTIN — In a flash, the savage destruction of Greece foretold in 2015 (and before) is back in the news, owing to a grisly tragedy on one of Europe’s smallest railroad systems.

AUSTIN — In his bid to become Speaker of the US House of Representatives, Kevin McCarthy apparently agreed to a demand, voiced by Representative Ralph Norman of South Carolina, that he commit to “shut down the government rather than raise the debt ceiling”.

STEAMBOAT SPRINGS, COLORADO  —  US Federal Reserve (Fed) Chair Jerome Powell has committed to putting US monetary policy on a course of rising interest rates, which could boost the short-term rate (on federal funds and treasury bills) by at least 200 basis points by the

AUSTIN  —  According to economist Kenneth Rogoff of Harvard University, “a growing crescendo of commentary places the blame for the current surge in US inflation squarely on the Federal Reserve”.