The Fed “whipped” inflation with its interest rate price controls. Here lies the error, one of many, in using market prices as a proxy for what is always and everywhere a currency phenomenon.

The Atlanta Fed tracks two types of inflation: sticky and flexible. What they are telling us is that inflation has fallen dramatically on consumer-sensitive items—even dipping into negative ...

Borrowers and lenders should set interest rates, not central bank commissars. Even worse, is that the Federal Reserve confuses the two types of inflation.

In this episode of Odd Lots, we talk once again to Isabella Weber, the University of Massachusetts, Amherst, economics professor who dubbed the phenomenon “sellers’ inflation.” ...