STANFORD — Inflation’s return marks a tipping point. Demand has hit the brick wall of supply. Our economies are now producing all that they can. Moreover, this inflation is clearly rooted in excessively expansive fiscal policies.

STANFORD  —  The nomination of new members to the US Federal Reserve Board offers an opportunity for Americans, and Congress, to reflect on the world’s most important central bank and where it is going.The obvious question to ask first is how the Fed blew its main manda

STANFORD — Inflation continues to surge. From its inflection point in February 2021 to last month, the US consumer price index has grown 6 per cent — an 8 per cent annualised rate.The underlying cause is no mystery.