Heterodox
Properly measured, consumer prices have been in *deflation* since last June – by New Deal democrat The majority wisdom is that the Fed is going to go ahead and raise interest rates again when it meets next week. I have been arguing for months that the data has not supported interest rate hikes. As of this morning, I am officially taking the position that, properly measured, inflation has been conquered, and the US economy has actually had...
Read More »Properly measured, consumer prices have been in deflation since last June
