An Idiotic Government with Idiotic Goals

Photo Credit: TownHallFor folks who are trying to ignite inflation, this sure isn’t working out very well. It’s been hoped by the country’s central bankers that the massive quantitative easing PROGRAM along with near-zero interest rates will touch off a wave of inflation that if not exactly the same thing as boom times, will at least give the appearance of a strengthening economy. However, month after month inflation in the goods that the Fed cares about seems muted. Now this month we had the horrid news that official inflation numbers are falling not rising.

“The consumer-price index declined 0.2 percent,” reports Bloomberg, “the first decrease since April 2013, a Labor Department report showed today in Washington. The median forecast of 83 economists SURVEYED by Bloomberg called for unchanged. Excluding volatile food and fuel, the so-called core measure was unchanged, the first time it failed to increase in almost four years.”

Oh, the horror of falling gas prices!

It should be noted that falling fuel costs, not coincidentally, also contributed to the robust retail SALES figures that boosted the economy in August

Read more from this story HERE.