US inflation rate falling fast — Bill Mitchell

Summary:
It’s Wednesday, and today I discuss the latest US inflation data, which shows a significant annual decline in the inflation rate with housing still prominent. But for reasons I discuss, we can expect the housing inflation to fall in the coming months. I also discuss how on-going fiscal ignorance allows the Australian government to avoid investing in much-needed fast rail infrastructure which would solve many problems that are now reducing societal well-being. And then some of the best guitar playing you will ever hear.…William Mitchell — Modern Monetary TheoryUS inflation rate falling fastBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

NewDealdemocrat writes Repeat home sale prices accelerated in February (but don’t fret yet)

Angry Bear writes Sorta a book review “Wall Street’s War on Workers”

NewDealdemocrat writes Looking at historical “mid cycle indicators” – what do they say now?

Ken Houghton writes 2024 Election Life and Death Game Theory: Post- Conventions (full text)