Thursday, May 23, 2013

No inflation?

Sarah Hoyt on the economy:

Most of all, I KNOW – and yep, it’s a know – that regardless of the claims that there is no inflation, our grocery bills have doubled, and that we’re not eating twice as much. I also know (or suspect) inflation hasn’t doubled the prices of things, just the things we buy specifically. (Meat, veggies, cleaners.)

I also know that hanging by the fingernails though we are, we’re relatively well off compared to other people, even other employed people. (Having no debt except the mortgage does help. Even if that means you have to drive ancient cars and pay for the repairs.)

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