I dispute that. Prices are indeed rising. Some of that has been masked by [temporary] declines in energy and artificially low interest rates and the housing market collapse. Also, a lot of low/lower prices on some consumer goods are results of inventory liquidations, a temporary thing.
But a casual look at what the average consumer needs to purchase and you see that a whole lot of stuff is going up.
- food
- insurance (low interest rates are forcing insurers to raise premiums)
- taxes
- auto prices (masked by cash for clunkers distortion)
- utility bills
And as interest rates rise, we will see that put upward pressure on all sorts of prices. And as the Dem stranglehold on production of energy production continues, energy costs will rise. Cap and trade is not dead.
Prices are rising... anyone see the price of crude lately?
I might be the worst econ grad in the history of my college, but I know what happens to the dollar when $7-12 trillion is dumped into it suddenly.