inflation

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 [...]

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