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June 26, 2005

Up Up Up

-- by Dave Johnson

In Real Inflation Rate, Left Coaster explains something I have wondered about. How can inflation be "under control" when the price of a house is rising more than 20% a year? When health insurance is rising just as fast? When the eletric bill, cable TV bill, phone bill and food bill are going up, up up?

Posted by Dave Johnson at June 26, 2005 8:11 AM

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Comments

Duh. If inflation is structured to further impoverish the poor and further enrich the wealthy, then it's "under control", by definition. What a dumb question.

Posted by: richard at June 26, 2005 1:48 PM

Why are you surprised? Unemployment figures are way down, too. It's the "If we don't want to see it, it doesn't happen" rule of government.

Posted by: Karen at June 26, 2005 3:47 PM

Exactly the same is happening in Australia - and this Aussie keeps wondering how the local pundits talk about inflation being 'under control'.

Posted by: Helga Fremlin at June 28, 2005 5:23 PM

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