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Worst of Both Worlds: Are the Risks of Stagflation Elevated? Part II

We presented a simple framework to characterize stagflation in the first installment of this series. Using that framework, we identified 13 instances of stagflation in the United States since 1950 (Figure 1). Episodes vary in severity, but each posed unique challenges to monetary policymakers. In this second installment, we briefly review historical instances of stagflation and their accompanying monetary policy decisions. The distinctive experiences point to an economy whose structural drivers of growth have shifted over time, which underscores the idea that a policy enacted back in the 1970s may not have the same effect today as it did then.

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Supreme Court Seems Skeptical of Trump's Immunity Argument

Supreme Court Seems Skeptical of Trump's Immunity Argument
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New Age | Iran: last nation standing

New Age | Iran: last nation standing
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N.S. Lyons 颠覆我们世界的革命 - 博客

N.S. Lyons 颠覆我们世界的革命 - 博客
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Key takeaways from blockbuster Supreme Court immunity arguments as liberal justices fret over Trump becoming a KING

Attorneys for Donald Trump and special counsel Jack Smith made their cases before the Supreme Court on Thursday over whether the president has immunity.

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Supreme Court Justices, During Marathon Oral Arguments, Appear Inclined To Delay J6 Prosecution of Trump Until After Election

Yet Justice Jackson, from the court’s liberal minority, warns that the 45th president’s position could turn the ‘Oval Office into the seat of criminality…

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Vintage Chicago Tribune: The paper's role in demise of Nixon's presidency after Watergate

Vintage Chicago Tribune: The paper's role in demise of Nixon's presidency after Watergate
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Alito Says Trump Case Can't Be Decided Until Pardon Issue Is Clear

Samuel Alito believes the legality of a President of the United States issuing a self-pardon -- an authority which has never been ruled on -- is a critical element in the decision SCOTUS must make.

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Can a president self-pardon? Justice Alito has questions

(The Center Square) – Supreme Court Justice Samuel Alito raised questions Thursday regarding presidential self-pardons and if that question needed to be answered before the court could decide if former

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Editorial: Only dictators have immunity from criminal acts while in power

Supreme Court justices' questions during oral argument on Donald Trump's claim that he is immune from criminal acts indicate that they see that giving dictator-like powers to U.S. presidents is dangerous.

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