Series · 4 parts

Reading the Economy

1. Part 1What GDP Actually MeasuresOct 2026

   Output, not wellbeing, and why the difference matters

2. Part 2Inflation, One Grocery Bill at a TimeOct 2026

   What the consumer price index tracks, and what it cannot

3. Part 3Why Markets Don’t Wait for the DataOct 2026

   Prices move on expectations; statistics arrive later

4. Part 4Fifty Years of the Price of MoneyOct 2026

   Interest rates, inflation and patience, from the Volcker shock to now