The Wall Street Journal reports:
Inflation is back.
I wasn’t aware it had ever left.
UPDATE: Apparently, I am not alone.
Fair point. If you divide your inflation fears by three (to approximate mine), the curve looks pretty modest until the last few quarters.
I am curious what you think of today’s WSJ guest commentary:
John Makin of the AEI suggests that inflating our way out of the housing crisis is the “least worst” option.
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