I Sure Am Glad There's No Inflation

Oftwominds.com ^ | August 5, 2015 | Charles Hugh Smith

[RedMominBlueState]

I sure am glad there's no inflation, because these "stable prices" the Federal Reserve keeps jaw-jacking about are putting us in a world of hurt. Those of us outside the inner circles of power are glad there's no inflation, because we'd rather get more for our money (deflation) rather than less for our money (inflation). You know what I mean: the package that once held 16 ounces now only holds 13 ounces. A medication that once cost $79 now costs $79,000. (This is a much slighter exaggeration than you might imagine.) Despite all these widely known examples of rampant inflation, every month we're told there's no inflation. Just to reassure myself there's no inflation, I looked up a few charts on the St. Louis Fed's FRED database. I have to say, I'm scratching my head here because the cost of things has gone up a lot since 2000. The consumer price index is up 38% from 2000.....

[Nailbiter]

bflr

[DiogenesLamp]

Probably the price of houses in some remote town, where the industry fled, has fallen somewhat. So that must be factored in, you know.

The prices of basic commodities has risen everywhere. My observation is that they have nearly doubled in the last seven years, but of course the Chicago Mafia run White House decided that food and fuel products need to be removed from the inflation calculation, as if anything else was more important in arriving at the inflation number.

And Yes, houses have gone down in price where the economy is in a shambles, but as you pointed out, this is not a good thing for the Obama regime.