Look: I am eager to learn stuff I don't know--which requires actively courting and posting smart disagreement.

But as you will understand, I don't like to post things that mischaracterize and are aimed to mislead.

-- Brad Delong

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Everything that appears on this blog is the copyrighted property of somebody. Often, but not always, that somebody is me. For things that are not mine, I either have obtained permission, or claim fair use. Feel free to quote me, but attribute, please. My photos and poetry are dear to my heart, and may not be used without permission. Ditto, my other intellectual property, such as charts and graphs. I'm probably willing to share. Let's talk. Violators will be damned for all eternity to the circle of hell populated by Rosanne Barr, Mrs Miller [look her up], and trombonists who are unable play in tune. You cannot possibly imagine the agony. If you have a question, email me: jazzbumpa@gmail.com. I'll answer when I feel like it. Cheers!

Friday, April 29, 2011

What the Hell?!? Friday, Part 2 - "Dude, Where's My Inflation?!?" Edition

Via Krugman we find this FRED graph, showing a decade of inflation on a log scale.

Oh, and by the way: the hyperinflation types are not claiming some future event — they’re claiming that it’s happening now, and if you go back, you’ll find them predicting hyperinflation by 2010.



What those of us who are reality-based find is that we had an actual deflationary event when everything collapsed in late 2008.  Since then, inflation has returned to such a wild and extravagant extent that is has established a new trend line, with a lower slope.

But what about all that government spending, and deficits, and stuff?

Yeah -- What about it?
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