The No-Inflation Con Game
http://www.lemodesittjr.com/2014/09/30/the-no-inflation-con-game/
My own experience over the past 10-15 years confirms Modesitt’s observations.
Posted from WordPress for Android via my Samsung smartphone. Please excuse any misspellings. Ciao, Jon
For the last six years the government has been “printing” new money–calling it quantitative easing–at the rate of almost a trillion dollars a year. That masks some of the inflation. If that money mostly went to Wall Street, the consumers only saw the prices being driven up by the folks with the money–the speculators in commodities.
Very true.