Chart of the day: Inflation

Inflation is clearly still a problem. The CPI for May 2008 was released by the BLS today showing consumer inflation rising at a 4.2% rate y-o-y, unadjusted for seasonal factors. This is either good news or bad news, depending on how you…

The Japanese Problem is now ours

Ben Bernanke claims to be an expert student of the Great Depression and its causes. Therefore, many feel comforted that he knows what to do should in order to avert a repeat of 1929. But does he know how to prevent a repeat of the Japanese…

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