[oblomov]

Fortunately, there are many inflation hedging instruments that did not exist in the late 70s: currency ETFs, gold/silver ETFs, TIPs, foreign bond funds.

[Always Right]

Even if Gold goes to $1000, it will be 50% cheaper than it was in 1980.

[steveab]

“excludes the prices of food and energy,”
last year I read an article that also excluded food, energy and health care from the core rate. Talk about cooking the books.

[AmericanExceptionalist]

Catch that bit about "core inflation"? That's Fedspeak for: inflation is under control, unless you look at the costs of things that are going up. The core rate excludes the prices of food and energy, which can be volatile from month to month.

There is nothing inherently oxymoronic about the observation: Inflation is under control, even though prices for many essential items are rising significantly.

Inflation, as I have noted previously, is classicly defined as too much money chasing too few goods. It is not econospeak for rapidly rising prices.

At least, it never has been in the past.

[The Duke]

Factor them in, and inflation is about as moderate as Newt Gingrich. In the first eight months of 2007,...

And here I was thinking this was a news article.

[Perdogg]

Newsweek is trying to talk the economy down, plain and simple.

There may be inflation, but you how measure cost differences in technological advances in consumer products?

[Nomorjer Kinov]

And who wants to consider the hidden costs of government taxes and regulation?