UF Levin College of Law professor and economist Neil H. Buchanan argues that the political posturing about inflation in this country is becoming increasingly ridiculous. Professor Buchanan points out that we have no idea what is an acceptable (or unacceptable) level of inflation and that despite endlessly criticizing Democrats in power for higher rates of inflation, Republicans have proposed no plan for how to reduce inflation.
In this second of a two-part series of columns, UF Levin College of Law professor and economist Neil H. Buchanan explains that there is nothing a president can do to reduce inflation, but there are certain things a president should do to appear to be doing something. Professor Buchanan argues that Biden administration’s announcement that it will intensify the fight against monopolies serves precisely that purpose and achieves some good in the process.
In this first of a two-part series of columns on inflation, UF Levin College of Law professor and economist Neil H. Buchanan argues that the current concern over inflation is nonsense. He explains that the measured inflation rate is an average of all price changes, and a healthy economy will see some prices rise at any given time.
GW Law professor and economist Neil H. Buchanan discusses why the recent announcement by the Trump administration that it is considering a unilateral tax cut for the rich would be a political gift to Democrats. Buchanan describes what the tax cut would do and explains that no one thinks that such legislation could pass, which is why Trump’s people are talking about this executive workaround.