Academic

TIM CAVANAUGH: ?It?s going to take a lot more than a trillion new dollars to bring the kind of infl?

By Glenn Reynolds

TIM CAVANAUGH: “It’s going to take a lot more than a trillion new dollars to bring the kind of inflation Ben Bernanke wants. The chairman of the U.S. Federal Reserve Bank thought he had the problem licked just a few months ago, but now, for the third straight month, the “core” consumer price index (excluding food and energy) has fallen. That 1/10th of a penny you’re now saving on every dollar? Don’t spend it all in one place. The two big items not covered in CPI — energy and food — are both either flat or falling.”

Full post as published by Instapundit.com on July 17, 2010 (boomark / email).