"Fed Chair Jerome Powell's November statement killed the idea that inflation would be transitory. The most recent projections from the FOMC show how deeply that idea has been buried." ~ William J. Luther & Morgan Timmann

“With inflation now high and trending higher, with no end in sight, American workers, and their employers, need to bring COLAs back, arguably out of fairness to workers but really out of efficiency.” ~ Robert E. Wright

“Housing permits were off in February but remain at a solid level. Rising home prices and higher mortgage rates are strengthening headwinds for demand while elevated commodity costs remain a challenge for homebuilder profits.” ~ Robert Hughes

"A 'return to normal' requires abandoning all aspects of the 'new normal' and asserting a real normal. At long last governments are dropping mask mandates. Holdout employers must do the same." ~ Jon Sanders

“If we want to understand inflation, we need a framework to organize our thoughts. Economies are fiendishly complex; without a model that helps us focus on the relevant details, we’re lost in the woods.” ~ Alexander William Salter

“This development is significant because prominent policymakers rely on Piketty and Saez’s research to justify tax increases. These revisions must be taken into account by policymakers seeking to reduce inequality via tax policy.” ~ Amelia Janaskie & David Waugh

“Blaming big corporations for inflation no doubt serves the political interests of Sens. Warren and Sanders. But it is inconsistent with the available data. That is not surprising: It is inconsistent with standard monetary economics as well.” ~ Nicolás Cachanosky

“Not all higher ed dollars are created equal. Idaho’s legislators should create more incentives for the state’s students and colleges to excel instead of simply maintaining the institutional status quo.” ~ Stephen C. Miller & Jason Jewell

“There are several steps to go before the Federal Reserve starts selling assets to reduce the size of its balance sheet. That type of active tightening will probably not begin for a while.” ~ Thomas L. Hogan

“While a return to normal is welcome, if the driving force behind it is political polling and stakes for reelection, we should all pause and reflect on whether these people should be making such monumental decisions about our lives.” ~ David Waugh