Fiat money: It has nothing to do with the car

May 22, 2013
Your dollar bill isn't worth the paper it's printed on. Why? Because it's a fiat currency. Sr. Producer Paddy Hirsch explains.
Posted In: Fiat, inflation, Money, dollar bill, currency

Gold prices are falling, but global demand is expected to grow

May 20, 2013
As an investment and inflation hedge, gold still looks overvalued, at nearly 30 percent below its peak. But demand for gold is growing in India and China.
Posted In: gold, inflation, inflation hedges

Why inflation can be a good thing

May 1, 2013
"A little bit of inflation is our friend, not our enemy," says Prof. David Blanchflower
Posted In: inflation

Should we bring inflation back from the dead?

May 1, 2013
In February, we declared inflation dead after years of easy monetary policy and negligible consumer price increases. As the Federal Reserve concludes yet another meeting to keep inflation six feet under, we ask if it's time to bring inflation back from the dead.
Posted In: inflation

Rethinking how the inflation rate is calculated

Apr 18, 2013
Every month, the Bureau of Labor Statistics sends hundreds of workers out to stores to gather prices of about 80,000 goods and services. But there's a new computer program that combs through the Internet and grabs prices.
Posted In: inflation

Gold prices fall 10% as need for 'safe haven' fades

Apr 15, 2013
After a dazzling rise to more than $1,900 an ounce, the yellow metal has clearly lost its luster. The price of bullion has slumped by 10 percent since the end of last week, down to $1,420 an ounce.
Posted In: gold, India, China, inflation

Though February prices rise, inflation worries don't

Mar 14, 2013
The producer price index -- prices received by U.S. companies -- rose 0.7 percent last month, its largest uptick in five months. Diane Swonk, chief economist with Mesirow Financial, explains what's behind the rise and whether the U.S. should be worried about inflation.
Posted In: inflation, gas prices

Chinese consumers hit tough times

Mar 11, 2013
Global markets are mixed this morning after China reported that inflation hit a ten-month high in February and consumer spending came in worse than expected.
Posted In: China, consumer spending, inflation

If inflation is zero, why does my paycheck feel like it's shrinking?

Feb 25, 2013
According to the current Consumer Price Index, the inflation rate is zero percent. But for many people, their cost of living doesn't reflect the data's averages.
Posted In: inflation

Inflation, R.I.P.

Feb 21, 2013
A eulogy for inflation, after the consumer price index comes in at 0.0 percent.
Posted In: inflation