STEALTH INFLATION: The Case of the Missing Sausage

STEALTH INFLATION: The Case of the Missing Sausage

Doesn’t it really annoy you to discover that the manufacturer has reduced the weight of your favorite box of cookies or brand of coffee as a sneaky way of raising the price? This is truly stealth inflation . But is it captured by the government’s official measures such as the Consumer Price Index (CPI)? ANY [...]

Happy Groundhog Day to Ben Bernanke

Happy Groundhog Day to Ben Bernanke

I haven’t the slightest idea what will happen if Ben Bernanke sees his shadow on February 2.  However, the Federal Reserve Chairman did shed some additional light on the future of monetary policy on January 25.   At their two-day meeting, the Federal Open Market Committee (FOMC) decided to leave the fed funds rate at [...]

Santa, can we have a chat?

Santa, can we have a chat?

Complaint Department North Pole Dear Santa, I know it’s not right to look a gift reindeer in the mouth, but I’m really quite disappointed with my Christmas gifts. All I asked for was a smart phone and a final resolution to the European debt crisis. My new phone is simply too smart. It took me [...]

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