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Biflation Bernanke

Sunday, February 13, 2011 - 7:00 AM
This is an interesting definition of a new "type of inflation" described in the Wall Street Journal Op-Ed:
A new form of inflation is increasingly described in the blogosphere. It better explains the pricing paradox Mr. Bernanke has failed to embrace.

It's called "biflation."

Everything you already own -- a house, a car, a stock portfolio -- has rapidly declined in value. Everything you actually need to buy -- food, gasoline, medicine, education -- is going up.

Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
Rep Points: 125,708
1. Sunday, February 13, 2011 - 9:38 AM
People complained in the 80's when we had 17% unemployment in Michigan, paid $3 for heating oil, and 13.5% had mtg interest rates. Which do you want? When we have unregulated capitalism this is the result. The countries that have a large social net do not have these problems. In this country those with the gold rule.
Ally6770Ally6770942 posts since
Jan 16, 2010
Rep Points: 2,740