Shrinkflation—Another “Gift” Of Washington’s Infernal Inflation Machine, Part 6

As we noted in Part 5, the CPI has lost its anchor to the windward. Not only are durable goods prices rising rapidly after 25 years of relentless deflation, but the CPI for energy has also taken a big reversal. So doing, it reminds one and all that the groupthink besotted denizens of the Eccles […]