Saturday, November 10, 2007

Inflation- Alive and Well

The Treasury department parrots the Fed line that consumer prices, as measured by the consumer price index (CPI), are under control. The most glaring problem is that CPI excludes housing prices, instead tracking rents. The Fed's easy credit policies have created an artificial mortgage boom...

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Quotes

"In questions of power, then, let no more be heard of confidence in man, but bind him down from mischief by the chains of the Constitution." -- Thomas Jefferson