Annual Inflation Hits 4%

There is the CPI… and then there is the MIT’s billion price project which, as the name implies, tracks the prices of a billion products in real time. And according to the latter, annual inflation has hit a multi year high of about 4%. Perhaps someone can advise the talented Mr Evans that the 3% inflation he would so love to achieve… has in fact been eclipsed. At least, according to the real world. So take 4% inflation, add $2.5 trillion in “much more” easing, and what you get is only an economic Ph.D.’s guess. Alas, we are unqualified to have an opinion on the matter.

Read the whole story here.

Jason Rink is the Editor-in-Chief of The Liberty Voice. Executive Director of the Foundation for a Free Society. He is the producer and director of Nullification: The Rightful Remedy, and the author of “Ron Paul: Father of the Tea Party” the biography of Congressman Ron Paul. See more of his work at his writing at JasonRink.com and his film production work at FoundationMedia.org.

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