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| -Short Attention Span Theater- |
| Real inflation at 8% |
| 2012-03-01 |
| Posted by:DarthVader |
| #5 > "What is the purpose of the Federal Reserve?" To keep wealthy land-speculators from losing money at all costs. |
| Posted by: Bright Pebbles 2012-03-01 20:10 |
| #4 From the web site of the Federal Reserve, under the title of "What is the purpose of the Federal Reserve?" Conducting the nation's monetary policy by influencing money and credit conditions in the economy in pursuit of full employment and stable prices. The everyday definite of 'stable' is NO CHANGE. Not 8% inflation, but 0% inflation. I won't mention full employment, other than to again point out the Fed is failing at its purpose and continues to get a pass from the MSM and the politicians. At least this could be mentioned in every news article about the Fed. |
| Posted by: Anguper Hupomosing9418 2012-03-01 18:33 |
| #3 Who could have guessed all that money-printing and bailouts for failures would have caused inflation... |
| Posted by: Bright Pebbles 2012-03-01 14:21 |
| #2 Real inflation at 8% It also identifies another agency worthy of cutting from the government if it has been compromised as to provide nothing useful but political cover. |
| Posted by: Procopius2k 2012-03-01 14:01 |
| #1 For many years the price inflation rate could actually move the labor inflation rate. That era has mostly ended (because of the relative decline of labor union power). Thus, the EPI doesn't really have as much influence on the total economy as it used to have. Of course people whose income is capped by the meager returns of T instruments, CDs and the like, are obviously going to be way ticked off at large increases in gasoline prices. |
| Posted by: Lord Garth 2012-03-01 13:08 |