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Showing That Inflation Benefits The Wealthy At The Expense Of Everyone Else

Thursday, February 21, 2013 - 6:41 AM
Some interesting commentary and graphs in Mish's Global Economic Trend Analysis blog
If routine price inflation did not benefit the banks and the wealthy at the expense of everyone else, we probably would not have it. The word that best describes the process is "theft".

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Note, the CPI for January will be released this morning. According to CR, "The consensus is for a 0.1% increase in CPI in January and for core CPI to increase 0.2%."
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Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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