Yes, Inflation/Deflation is Hard to Measure

One of the hardest concepts for Principles students, politicians and pundits, oh heck, just about everyone to fully grasp is inflation.  A big part of the reason is because inflation is an abstract concept that is not directly measurable.  We can conceive of it, but we can't measure it.  I'm no physicist (and open to … Continue reading Yes, Inflation/Deflation is Hard to Measure

Once Again, No Inflation Round Here

Once upon a time, increasing inflation was a problem for the U.S.  But that time was a generation ago - 1966-1980 to be precise, over 30 years ago.  Since then it's down, down, down. We're now bumping along at near zero inflation and we're flirting with deflation.  Yet, many of the talking-heads class continue to … Continue reading Once Again, No Inflation Round Here