{"id":9425,"date":"2011-04-26T21:57:55","date_gmt":"2011-04-27T01:57:55","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=9425"},"modified":"2011-04-27T10:23:32","modified_gmt":"2011-04-27T14:23:32","slug":"non-existent-inflation-its-everywhere","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/9425\/non-existent-inflation-its-everywhere\/","title":{"rendered":"Non-Existent Inflation? It&#8217;s Everywhere."},"content":{"rendered":"<p>As we prepare for the beginning of the era of <a href=\"http:\/\/www.foxbusiness.com\/markets\/2011\/04\/26\/bernanke-set-tightrope-historic-press-conference\/\" target=\"_blank\">the Federal Reserve as PR machine<\/a>, we can anticipate a glut of federal statistics hand-picked to convince the public that the growing evidence of inflation is psychosomatic. Of course, it helps that the Fed&#8217;s core measure of inflation excludes such basic staples as food and energy. But as <a href=\"http:\/\/spectator.org\/archives\/2011\/04\/26\/obamaflation-arrives\" target=\"_blank\">Jeffery Lord points out at the American Spectator<\/a>, the main street indices tell a sharply different story than the Wall Street rationalizations:<\/p>\n<blockquote><p><span>Milk. A gallon of skim. At the local Giant in Central Pennsylvania:<\/span><\/p>\n<p><span>January 11, 2011: $3.20<\/span><span><br \/>\n<\/span>February 28, 2011: $3.24<span><br \/>\n<\/span><span>March 6, 2011: $3.34<\/span><span><br \/>\n<\/span><span>April 23. 2011: $3.48<\/span><\/p>\n<p><span>That would be a 28 cent rise in a mere 102 days, from January to April of this year. The third year of the Obama misadventure.<\/span><\/p>\n<p><span>Then there&#8217;s the celery. Same sized bag. Same store.<\/span><\/p>\n<p><span>January 11, 2011: $1.99 a bag.<\/span><span><br \/>\n<\/span><span>March 6, 2011: $2.49 a bag.<\/span><\/p>\n<p><span>A rise of 50 cents in 54 days.<\/span><\/p><\/blockquote>\n<p><span>If this trend continues, the Fed will have to find an even more counterintuitive metric for gaging inflation. Perhaps one that doesn&#8217;t include prices.<br \/>\n<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As we prepare for the beginning of the era of the Federal Reserve as PR machine, we can anticipate a glut of federal statistics hand-picked to convince the public that the growing evidence of inflation is psychosomatic. Of course, it helps that the Fed&#8217;s core measure of inflation excludes such basic staples as food and [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[143,581,2624,544,2589,2496,500,1221],"class_list":["post-9425","post","type-post","status-publish","format-standard","hentry","category-posts","tag-barack-obama","tag-ben-bernanke","tag-commodities","tag-federal-reserve","tag-food-prices","tag-gas-prices","tag-inflation","tag-monetary-policy"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/9425","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=9425"}],"version-history":[{"count":4,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/9425\/revisions"}],"predecessor-version":[{"id":9429,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/9425\/revisions\/9429"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=9425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=9425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=9425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}