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Thanks to good friend and fellow deflationist Carson for sending along the latest CPI numbers, which were released this morning. Inflation? Where? On a seasonally adjusted basis, the Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1 percent in April, the U.S. Bureau of Labor Statistics reported today. Take away food and energy, and the deflation […]
Ben Bernanke was right – if you put your mind to it, and print enough money, you CAN prevent deflation. New CPI numbers show that the core CPI (excluding food and energy, which nobody really uses anymore) actually jumped 0.3% last month, their largest increase since June 2008. About 40% of that increase came from tobacco […]
In his recent article in Harper’s Magazine, Kevin Phillips takes a good hard look at government economic numbers (a la John Williams) and concludes that – surprise, surprise – the numbers are skewed to serve political goals. This is not news to many readers, but this piece is still worth a review, as Kevin paints […]
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