I admit that I’m a gold standard guy. Fiat currency gives self-intelligent people too much room to think that they actually control the economy. The Ben Bernank & Company swear that there is no inflation.
Drivers are continuing to feel pain at the pump as gas prices hit a 30 month high.
According to Triple A Mid-Atlantic a gallon of regular is up 12 cents from last week to an average price of $3.69.
Furthermore, according to the MIT Billion Price Project (tracking internet pricing of goods et al), prices jumped 3.2% over the last 365 days ending April 4 versus a 2.1% rise reflected in the CPI. The three & six month annualized numbers are 7.4% & 6.1% versus 4.7% & 2.8% from the Bureau of Labor Statistics.
Nope. No inflation here.