The Bennie Who Stole Christmas
Gotta love Jim Quinn’s questioning of our beloved Fed chair’s concept of inflation:
Only an Ivy League academic could examine the following yearly price data and conclude, as Bernanke has, that inflation is well contained:
- Unleaded gas up 24%
- Heating Oil up 28%
- Corn up 50%
- Wheat up 48%
- Coffee up 56%
- Sugar up 27%
- Soybeans up 30%
- Beef up 26%
- Pork up 22%
- Cotton up 101%
- Copper up 33%
- Silver up 72%
(Thanks to Colin for the link.)