The anti-stimulus types who have been apoplectic about the FedGov Deficit warned us higher inflation, if not hyper-inflation would be just months away. That was last year. Let's look at the data: From the BLS report on the Consumer Price Index on Sept 17: The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 … Continue reading CPI: What Inflation?
Day: September 23, 2010
A good article from Mark Thoma explaining what automatic stabilizers do, how they work, and why they are such an important policy in fighting recessions and keeping booms from getting out of hand. See here at The Fiscal Times.