INFLATION: Optical Illusion

Inflation cost the retail consumer almost $700,000,000 in January, is probably costing even more now. Inflation is not something that may hit the U.S. some time. Inflation is well started here & now.

For 38 consecutive months Department of Commerce figures for retail sales have topped the year before, but the chart at right shows the worm in this shiny apple: January was the fourth consecutive month when the only reason dollar volume was up was that the public was paying more money to get less goods. Ever since last October the physical...

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