It’s time to re-visit the subject of inflation. The government continues to report inflation at less than 2% and to discount price increases in the commodity markets. You know the price of gas and food are going up. And you’ve probably experienced other price increases that affect your everyday cost of living. I’ve recently noticed [...]
Until recently, the only fear of deflation that I have encountered in my life is when I’ve been floating in an old inner tube out in the middle of some pond. Deflation under those circumstances would have been just an inconvenience: I would’ve had to swim to shore. Economic deflation is another matter. It occurs [...]
When Rosa and I go shopping, she often points out price increases. “That used to sell for a dollar,” she says. “Now it’s a dollar sixty-seven.” She questions how the government can say that there is no inflation when prices keep going up. I suppose it could be explained by the fact that it is [...]
