June 26, 2005
-- 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?
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Tracked on June 26, 2005 3:21 PM
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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