The Truth About Inflation

May 14th, 2010

What is the truth about inflation?  How can you believe the “official” numbers, when your experience at the supermarket and the gas pump tells you otherwise?  When you’re always told that inflation is around 2%, how can you believe it when the prices of so many things have doubled in less than 10 years?

Inflation is calculated based on a theoretical “basket of goods”.  For example, a gallon of gas, a quart of milk, a loaf of bread, a dozen eggs, a pound of chicken, and a newspaper would (more…)


What Causes Inflation?

April 26th, 2010

What causes inflation?  That question is often answered in a way that sneakily avoids answering the question “What IS inflation”?

Like a lot of people, I first heard about “inflation” in the late 1970’s.  That’s why the prices are going up, we were told.  We were told that oil prices had increased, which meant that gas prices

What is inflation?

What causes inflation