An Inflation (or lack thereof) Chart Show
December 22, 2010 at 15:16 PM EST
Over at TheMoneyIllusion, Scott Sumner takes a shot at what he refers to as “Disinflation Denial.” His point is that prior to the recent run-up, “commodity price indices fell by more than 50%.” Thus, if the run-up in commodity prices suggests loose policy now, they must have been signaling tight policy earlier. I am hesitant [...]
