In one of my recent videos I discussed the hot housing market. That video is closely related to today’s topic on inflation. We are seeing an increase in inflation. We just had the fastest increase in the annual CPI rate since 2008. The monthly gain in core inflation was the largest since 1981. People have been asking me what are the possible reasons for this increase in inflation.

I love to read. Today I want to share the three books that I have been recommending to my students often in the past year. These are non-econ books but they have helped me in my development as an economist, a creative, as somebody navigating the world.

The housing market has been hot. Maybe too hot? When I polled my economics friends, most of them did not think that we have a housing bubble. When I polled my real estate friends, they also said they did not think that there is a bubble. However, I believe that there is a bubble and today I am going to explain what is happening and why I disagree with my economics and real estate friends