{"id":1196,"date":"2014-07-09T16:34:43","date_gmt":"2014-07-10T00:34:43","guid":{"rendered":"https:\/\/ego-vero.net\/main\/?p=1196"},"modified":"2014-07-09T16:34:43","modified_gmt":"2014-07-10T00:34:43","slug":"theres-inflation","status":"publish","type":"post","link":"https:\/\/ego-vero.net\/main\/theres-inflation\/","title":{"rendered":"There&#8217;s No Inflation&#8230;"},"content":{"rendered":"<div class=\"TweetButton_button\" style=\"float: right; margin-left: 10px;\"><a href=\"https:\/\/twitter.com\/share\" class=\"twitter-share-button\"  data-url=\"https:\/\/ego-vero.net\/main\/theres-inflation\/\" data-text=\"There&#038;%238217;s No Inflation&#038;%238230;\" data-lang=\"en\">Tweet<\/a><br \/>\n<script>!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0];if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=\"\/\/platform.twitter.com\/widgets.js\";fjs.parentNode.insertBefore(js,fjs);}}(document,\"script\",\"twitter-wjs\");<\/script><\/div>\n<p>There&#8217;s no inflation&#8230;unless you count food prices. \u00a0And why would you? \u00a0Who buys food ? \u00a0Ben Domenech writes at The Federalist that <a href=\"http:\/\/thefederalist.com\/2014\/07\/08\/food-prices-are-soaring-and-washington-doesnt-care\/\" target=\"_blank\">&#8220;Food Prices Are Soaring and Washington Doesn&#8217;t Care&#8221;.<\/a>\u00a0 Here&#8217;s a taste:<\/p>\n<p><em><strong><span style=\"color: #000000;\">&#8220;a rational person might conclude that measuring food inflation without counting meat, fruit, and vegetables is like measuring the unemployment rate without counting men. \u00a0Here are the increases in a number of food costs, as well as the average hourly earnings, since the end of the recession (June 2009) through May 2014&#8230;the increases since June 2009 are: Beef and veal: +35.2%, Pork: +27%, Fish and seafood: +20.1%, Eggs: +33.1%, Dairy: +16.1%, Fresh Fruits: +13.8%. At the same time, Average Hourly Earnings have increased by 10.1%.&#8221;<\/span><\/strong><\/em><\/p>\n<p>Substantive analysis at the link. \u00a0Also&#8230;graphs. \u00a0So everyone knows that when the Fed increases the money supply (prints money), it results in inflation. \u00a0And when the Fed tells you there&#8217;s no inflation, it&#8217;s&#8230;well&#8230;<\/p>\n<p><a href=\"https:\/\/ego-vero.net\/main\/1st-quarter-2014-gdp-estimate-revised\/bovine-excrement-meter\/\" rel=\"attachment wp-att-1048\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1048\" src=\"https:\/\/ego-vero.net\/main\/wp-content\/uploads\/2014\/06\/bovine-excrement-meter.gif\" alt=\"bovine excrement meter\" width=\"238\" height=\"241\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tweet There&#8217;s no inflation&#8230;unless you count food prices. \u00a0And why would you? \u00a0Who buys food ? \u00a0Ben Domenech writes at The Federalist that &#8220;Food Prices Are Soaring and Washington Doesn&#8217;t Care&#8221;.\u00a0 Here&#8217;s a taste: &#8220;a rational person might conclude that measuring food inflation without counting&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,8],"tags":[],"class_list":["post-1196","post","type-post","status-publish","format-standard","hentry","category-life","category-politics"],"_links":{"self":[{"href":"https:\/\/ego-vero.net\/main\/wp-json\/wp\/v2\/posts\/1196","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ego-vero.net\/main\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ego-vero.net\/main\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ego-vero.net\/main\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ego-vero.net\/main\/wp-json\/wp\/v2\/comments?post=1196"}],"version-history":[{"count":1,"href":"https:\/\/ego-vero.net\/main\/wp-json\/wp\/v2\/posts\/1196\/revisions"}],"predecessor-version":[{"id":1197,"href":"https:\/\/ego-vero.net\/main\/wp-json\/wp\/v2\/posts\/1196\/revisions\/1197"}],"wp:attachment":[{"href":"https:\/\/ego-vero.net\/main\/wp-json\/wp\/v2\/media?parent=1196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ego-vero.net\/main\/wp-json\/wp\/v2\/categories?post=1196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ego-vero.net\/main\/wp-json\/wp\/v2\/tags?post=1196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}