Lessons From The Real World On Inflation

Tuesday, March 07, 2006 | 06:30 PM
in Media

Our earlier commentary, Thomas’s Ham & Eggery Guide to Inflation, was picked up by Dow Jones Market Talk:

11:18 (Dow Jones) Barry Ritholtz rails against the core-CPI crowd by taking it to the street, literally. "Over the weekend, we spoke to numerous business owners," he writes at The Big Picture (/). "What they told us is very consistent with an economy that has reflated, and whose prices across a broad spectrum of areas have increased." He cites one restaurant on Long Island whose owner reported price increases on electricity, food, sugar, paper goods, insurance and rent, although wages have remained stable. He urges economists to "get out from under the fluorescent glow," and observe the price increases that are driving real inflation.

My wife would tell you that I endlessly amuse myself, and that last line about "get out from under the fluorescent glow" is perfect example of that. 

I need to get a hobby that doesn't involve a computer (seriously).

Tuesday, March 07, 2006 | 06:30 PM | Permalink | Comments (22) | TrackBack (0)
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Comments

I live in Maricopa County (Phoenix/Scottsdale) AZ and we all received out 2007 Property Valuation notices. This valuation will be the basis for our property taxes in 2007 (paid in arrears)
I had heard about it on the radio, but now I see it in person. 40-45%% value increase across the board. (I got 11 such notices, one for each parcel).
THIS WILL HURT A LOT OF PEOPLE HERE.....RIGHT AT THE WRONG TIME. BUT, IT HAS NOTHING TO DO WITH INFLATION. Inflation is created by the printing of money. Period.

Posted by: Larry Nusbaum, Scottsdale | Mar 7, 2006 9:00:56 PM

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