To: ari-freedom
Most families do not care about core inflation. It is energy prices and food that typically blows the family budget.
34 posted on
11/01/2007 6:31:31 PM PDT by
mpstan
To: mpstan
but that’s not necessarily monetary. there are supply problems that affect the price. for example, the ethanol craze is putting pressure on corn supplies
37 posted on
11/01/2007 6:37:28 PM PDT by
ari-freedom
(I am for traditional moral values, a strong national defense, and free markets.)
To: mpstan
It is energy prices and food that typically blows the family budget.
You're right. BUT, our monetary policy is not what drives inflation in these areas. It's worldwide demand and energy policy that do. That's why its excluded from "core" CPI. The Fed needs to act based on movements in prices that are impacted by its decisions.
38 posted on
11/01/2007 6:38:06 PM PDT by
VegasCowboy
("...he wore his gun outside his pants, for all the honest world to feel.")
To: mpstan
Energy prices are driving the cost of EVERYTHING up and it because of demand. The only way th heard this off is to start drilling and building refinerys
57 posted on
11/01/2007 7:30:58 PM PDT by
mylife
(The Roar Of The Masses Could Be Farts)
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