inflation

Samuelson: Krugman ‘Maddeningly Wrong’ on Reagan and Inflation

julia.seymour — Mon, 12 Jan 2015 17:52:18 +0000

Washington Post columnist rebuts New York Times columnist Paul Krugman’s claim President Reagan had little to do with taming rising prices.

Julia A. Seymour

In an economic columnist face-off, The Washington Post’s Robert J. Samuelson declared Paul Krugman of The New York Times wrong about inflation history.

Samuelson said that Krugman’s Jan. 5, column made a “glaring error” when it claimed President Ronald Reagan had little to do with getting double-digit 1980s inflation under control. Samuelson said it was the first time he could recollect devoting an entire column to rebutting another person’s column.

— Julia A. Seymour is Assistant Managing Editor for MRC Business at the Media Research Center. Follow Julia A. Seymour on Twitter.

Networks Tout Fed Nominee Yellen’s ‘Brilliance’

julia.seymour — Thu, 10 Oct 2013 19:09:06 +0000

ABC, CBS and NBC sing praises of liberal likely to be next Federal Reserve chairman, only CBS mentions critics.

Sean Long

President Obama nominated Janet Yellen, Fed vice chair, to head the Federal Reserve on Oct. 9. If confirmed, she will take on Ben Bernanke’s role as chairman and be the first woman in that role. Networks lauded her nomination that evening, after having paid little attention to her liberal policies in recent months.

Broadcast network evening and morning shows were giddy at the nomination of Yellen. Her economic experience, intelligence and “working class roots” were all praised the night of her nomination and the following morning.

— Sean Long is Staff Writer at the Media Research Center. Follow Sean Long on Twitter.

Networks: Miss America More Important than Fed Nominee

julia.seymour — Wed, 09 Oct 2013 15:57:30 +0000

Janet Yellen and her left-wing views get less time than Miss America; ABC covers pageant winner 25 times more than potential Fed chairman.

Sean Long

The next Federal Reserve Chairman will be Janet Yellen. President Barack Obama plans to nominate her on Oct. 9. Ahead of the announcement, Yellen, the liberal Fed vice chairman, was considered the most likely candidate to replace Ben Bernanke ever since Larry Summers, her chief rival for the nomination, bowed out of the race on Sept. 16.

— Sean Long is Staff Writer at the Media Research Center. Follow Sean Long on Twitter.

Investor’s Business Daily Finds: Feds Economic Boost Didn’t Help Much

julia.seymour — Wed, 21 Aug 2013 15:08:47 +0000

Federal Reserve program to buy bonds has done ‘little’ to improve U.S. economy.

Julia A. Seymour

The Federal Reserve has spent more than $2 trillion buying up assets since 2008 (often government bonds and mortgage securities) in an attempt to shore up the economy. Proponents argued what was called “quantitative easing” or QE was necessary “based on the idea that without it, the nation’s economy would have imploded,” according to Investor’s Business Daily.

Fuelish: NBC Devotes 3 Times As Much Airtime to Gas Prices in 2008, as 2013

julia.seymour — Tue, 05 Mar 2013 14:39:23 +0000

Comparison shows NBC News far less willing to report soaring gas prices under Obama.

Julia A. Seymour

No rising price affects the American psyche like skyrocketing gas prices. After all, many people drive past one or more gas stations each and every day, making it impossible not to see the prices soar. Then when the weekly, or bi-weekly fill up time rolls around, they feel the pain acutely.

How network news media cover the consumer issue seems to have a lot to do with who resides at 1600 Pennsylvania Avenue. NBC News is a perfect example – covering rapidly rising prices in 2008 three times more than far higher prices in 2013.

Networks Ignore Ethanol Mandates in Most Coverage of Historic Drought

julia.seymour — Mon, 27 Aug 2012 12:00:00 +0000

With corn crops dwindling, ethanol fuel requirements are poised to push prices even higher, something but ABC, CBS and NBC barely acknowledge.

Liz Thatcher

The severe drought affecting the Midwest this year has caused the latest corn projections to be the lowest since 1995. With such a small corn crop, the government mandates that make some of that corn be used for ethanol make even less sense, and will raise prices even further.

Drought

julia.seymour — Thu, 16 Aug 2012 15:14:45 +0000

Glenn Foden

Publish Date

August 16, 2012 - 11:10am

Dear NY Times: Tax Revenues Have 'Skyrocketed'

admin — Fri, 14 May 2010 17:22:32 +0000

Donald J. Boudreaux, Ph.D.

Editor, The New York Times

620 Eighth Avenue

New York, NY 10018

To the Editor:

Krugman Calls for Second Stimulus, Suggests 'Environmental Policies' to 'Change Things'

admin — Mon, 10 Aug 2009 20:33:43 +0000

Jeff Poor

Only $120.4 billion, or 15 percent of the gigantic $787-billion stimulus has been spent and some on the left, including Nobel Prize-winning economist and New York Times columnist Paul Krugman, are already calling for Stimulus, Part II.

Obama Economic Adviser Warns Spending Could Create Double Digit Inflation

admin — Wed, 22 Apr 2009 19:44:32 +0000

Julia A. Seymour

Maybe there really is some independence on President Obama’s “independent” economic advisory board, because one member didn’t sugar-coat things for viewers of Fox Business Network in a recent appearance. Instead he warned of serious inflation and higher taxes down the road.

Harvard economist Martin Feldstein told FBN’s Stuart Varney April 21 that the Fed has built up “unprecedented” reserves that could cause inflation down the road.

NY Times Dismisses Growth in Dire '08 Outlook; Says Bush in 'Denial' about Economy

admin — Tue, 28 Oct 2008 13:17:51 +0000

Jeff Poor

The New York Times editorial board saw nothing but economic gloom past, present and future in its outlook for 2008.

A January 2 Times editorial was not at all optimistic about the new year and the economy, mocking President George W. Bush and foretelling doom.

'Your $$$$$' Squabble: Experts Argue over 'Socialist' Bailout

admin — Mon, 29 Sep 2008 16:37:12 +0000

Lauren O'Reilly

Financial experts Peter Schiff and Stephen Leeb faced off on “Your $$$$$,” presenting opposing viewpoints about the looming bailout. Schiff attacked the bailout and “irresponsible monetary policy” while Leeb defended it saying the Treasury could profit.

Econ 101: Spike in Money Supply Caused Inflation

admin — Wed, 27 Aug 2008 18:00:18 +0000

Gary Wolfram, Ph.D.

Often we see headlines about inflation and hear financial analysts commenting on it. “Good Morning America’s” Chris Cuomo warned on August 21 that “America is waking up to nationwide sticker shock, an unexpected spike in inflation now at a 17-year-high.”

ABC Treats Rise in Consumer Confidence as Bad News

admin — Wed, 20 Aug 2008 16:12:20 +0000

Dan Gainor

When is an increase in consumer confidence bad news? When ABC reports it.

Network anchor George Stephanopoulos led off the August 19 "World News" with this gloom-and-doom teaser: “Terrible Tuesday. Inflation surges. Stocks dive. And consumer confidence nears a record low.”

Econ 101: Is the Fed a Source of Our Economic Problems?

admin — Wed, 16 Jul 2008 20:37:04 +0000

Gary Wolfram, Ph.D.

Politicians and pundits are crying about the economy, from oil prices to housing and the U.S. dollar. But they rarely pause to consider how we arrived at our situation, as they call for more government help and often for the Federal Reserve to “do something.”

Two Noble Laureates, Milton Friedman and Friedrich Hayek, have given us some insights into what effects the Federal Reserve’s actions have had on the economy.