Consumer Price Inflation Chart from the Propagandaministerium

From the New York Times

Looks like we are experiencing a really serious deflation.

Print faster Ben. Bail out those banks. Do whatever it takes. Save us!




This is from ShadowStats.com

Here is the Consumer Price Index calculated using the sames rules that were in place in 1990 before Daddy Bush, Slick Willy and Junior worked their changes on it.

We like the drop in gasoline prices. We'll like the deflation even more if and when it shows up in healthcare, food costs, tuition, electricity, insurance, appliances, and automobiles.

Until then, be happy and keep eating your government recommended Dog Chow.





We beieve we are seeing significant price declines in key commodities like oil and some building materials. Price and narrow money deflation is a natural phenomenon in periods of swift asset declines, as we had seen in 2002 before the Fed started their reflation which led to the housing and equity bubbles.

But to hold this out as an 'apples to apples' comparison back to 1920, which many will do because it either supports their econo-religious theories, or promotes an atmosphere favorable to the government interventions, is reprehensible.