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What Inflation?
What Inflation?
Ben Bernanke says the Federal Reserve is not trying to start inflation. How strange it is that the Fed chairman has to make that statement in a period of nearly 10% unemployment and only 2% economic growth. My human remembers the first period of "inflation," when prices went up and up and up. There would be stories in the news that if things kept going that way, the price for this or that commodity would be however much in so many years. Apparently those stories still resonate, even though inflation was supposedly beaten. Let's see, gasoline in my area is $2.59 for the cheap stuff, and a loaf of bread about the same, and sodas are $1.25 unless you can stomach store brand. More importantly, Fancy Feast is three for $2. We're not going to talk about prices during the Carter administration. We're going to wonder why humans go to school for a minimum of twelve years and they still don't get that the danger right now is not inflation.
posted on Nov 7, 2010 5:06 AM ()
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