Propaganda on the Inflation Front
The headlines in the financial press are all about how inflation is under control. A closer look at the numbers the reporters repeating the administration and Federal Reserve talking points ignore show otherwise.
Food inflation is starting to approach 7% and energy inflation is at double digits and accelerating. Does that sound like inflation is modest and under control? Bonddad and I don't think so.
Gary Permalink on 10/17/2007