Posted July 16, 2009 - 09:00 by Philip Brewer
Just to be clear, I'm also worried about a surge in inflation, but that's not what I'm talking about here. I don't know the future, so I try to stay away from predictions. But you don't need to know the future to "predict" a surge in the Consumer Price Index. All you need is to know the recent past.
Posted June 12, 2009 - 00:39 by Philip Brewer
The Wall Street Journal has an opinion piece by Arthur Laffer that shows a scary graph of the monetary base, which has surged enormously in the past year. He suggests that this is "potentially far more inflationary" than the monetary policies of the 1970s. I'm as worried about inflation as anybody, and agree that the Fed should already be taking steps to minimize it, but I think Laffer is off-base here.
Posted November 15, 2007 - 12:38 by Philip Brewer
If you have a budget--more specifically, if you track your spending--you have the data you need to track changes in your own personal cost of living. That's a lot more useful than the Bureau of Labor Statistics CPI (although people on Social Security, or with a lot of money invested in inflation-indexed treasury bonds, care about the CPI too). It's not so easy to turn your data into a number, though. In fact, you'll face a lot of the same problems the government does.
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