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Three Percent? Really?

Actually looking at every day prices tells a different story.  ”According to this index, the prices for everyday items like food, beverages, fuel, power, and prescription drugs have risen 8.1 percent in 2011.”  I’m not an inflation paranoic, but I am an inflation hawk, and an economy that’s growing at barely 3%, with prices rising at 8%, is bad news.  Nothing makes people feel more insecure than inflation, not even long-term unemployment.

Posted in Economics.

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