gas

Food Inflation 2012 is now back on the agenda, as the biased mainstream media, pundits, bureaucrats, and tyrants-in-office can no longer lie about rising fuel prices, rising food prices, and rising prices in every sector the fiat dollar is poured into by the Federal Reserve and other agencies.  Inflation, as defined by Keynesian economists (ex: the Federal Reserve) who believe the cure to debt is to spend more, is a rise in prices. The real definition of inflation, is the Austrian Economics definition, those who believe the cure to debt is saving, not accumulating more debt, is the increase in money supply. Austrian economists realize that the rise in prices is only the symptom of the disease, which is excessive printing and spending. For the focus of this blog post, I’ll use the Keynesian definition as to make it easier to understand their statistics. You can read more about sound money and real economics (aka Austrian Economics)  in End The Fed and Economics in 1 Lesson. The real inflation rate, the rate at which prices are increasing per year,  is pinned between 10 and 13 percent, although the new inflation formula, which is formulated discounting food and gas prices, and including [...]