Thursday, May 5, 2011
Playing the Ostrich on Inflation
post linked to Mark Brandly's essay highlighting the contribution of the Fed's monetary inflation to higher gasoline prices. My most recent op-ed published by the Center for Vision and Values seeks to investigate the real price inflation picture. In it I peer behind the veil of CPI and demonstrate that, despite claims that "core" or "underlying" inflation is "subdued," in reality the prices of everything besides housing and apparel increased significantly during the month of March and the rate of increase is accelerating.