Saturday, April 30, 2011

There is neither inflation nor the risk of inflation

For two years now we have been bombarded with dire warnings about the risk of inflation. Never actual inflation, but the risk. The sky might fall. This is ideological rhetoric. The wealthy, having been bailed out by the state, now want to stick us with the bill. Sort of financial "dine and dash." This is particularly true of our neighbors, who are contemplating choking off the recovery in order to lavish more wealth on the rich. Here is a look at inflation in the U.S.:


This is much ado about nothing by people with an agenda.

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