Thanks for the article and the excellent explanation. So core inflation may not be as high as we feel from our day to day experience with prices. But even so, how can the value of money not be dropping like a stone the way the government is printing it like mad? Also isn't the declining value of US money against foreign currency a sign that our money is losing value?
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Thanks for the article and
Submitted by k8e on January 19, 2008 - 04:22.
Thanks for the article and the excellent explanation. So core inflation may not be as high as we feel from our day to day experience with prices. But even so, how can the value of money not be dropping like a stone the way the government is printing it like mad? Also isn't the declining value of US money against foreign currency a sign that our money is losing value?