The Fed is officially committed to achieving an average inflation rate of 2 percent. Some economists say the target should be raised to 3. George Selgin considers the arguments for it and says no.
David Beckworth and I considered a similar idea and came to the same conclusion in NR a few years ago.
More in Politics & Policy
Amid the Afghanistan debacle, Team Biden is caught flat-footed as, for once, a typically compliant press holds him to account.
Is this just a blip during a particularly bad news cycle? Maybe.
Rachel Campos-Duffy said that the first lady had failed the country by allowing Joe Biden to run for president.
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