The Personal Consumption Expenditures (PCE) price index, excluding food and energy, recently came in lower than expected

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United States headline inflation reached 3.7% in September 2026, increasing from 3.4% in August 2026

Expanding the money supply by printing 190 new dollars alongside a tenfold increase in apple production reduces wage purchasing power by 50 percent

When goods fail to become more affordable despite production gains, the primary causes are surging demand, destroyed manufacturing capability, or monetary expansion

Increasing output per hour of labor makes manufactured goods progressively cheaper when the money supply remains constant

In a model economy with 100 apples and 200 dollars in circulation, the price per apple equals 2 dollars

In a model economy with 10 dollars in circulation, increasing annual production from 10 to 20 apples reduces the price to 50 cents per apple

In a model economy, an increase in production from 10 to 100 apples results in a price of 10 cents per apple if the 10-dollar money supply remains fixed

Introducing 190 newly created dollars into circulation extracts the economic gains generated by a tenfold increase in apple production

Unbacked monetary expansion alters the accounting system that records who produced goods and who is owed goods in an economy

In a model economy with 10 dollars in circulation and 10 apples produced annually, the price per apple is 1 dollar

David Zervos of the US Treasury highlighted that key measures of core inflation have been trending lower since Donald Trump took office

David Zervos of the US Treasury stated that long-term inflation expectations have been "remarkably stable."

The market reached new all-time highs despite the fastest Federal Reserve rate hike in U.S. history

The conflict with Iran has created economic headwinds affecting US gasoline and diesel prices

Hunter Biden believes inflation is a built-in tax on the American people

The U.S. Treasury manages the nation's finances with Congress, while the Federal Reserve's primary role is to prevent a treasury market collapse

The government's actions in the bond market are effectively yield curve control, though they will not be labeled as such

The U.S. Treasury and Federal Reserve will need to increase their intervention in the bond market substantially

The government is shifting financing to the short end of the yield curve, where the Federal Reserve directly controls rates

Fiscal dominance is a situation where the national debt crisis becomes more important than inflation