Everything’s Coming Up Roses

The misery index says the worst is over [More]

Do you want to tell him?

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Author: admin

David Codrea is a long-time gun owner rights advocate who defiantly challenges the folly of citizen disarmament. View all posts by admin

One thought on “Everything’s Coming Up Roses”

I try not to get discouraged by the number of people who think that less inflation means that prices are coming down. It doesn’t. it just means they’re not going up as fast. Prices coming down are an example of deflation. Deflation is a topic that gives the Federal Reserve a case of the horrors. They actually think a little inflation is a good thing and certainly worth having if it prevents deflation.

The same people often think that the deficit and the debt are the same thing. They’re not. The debt is the total of all the prior deficits minus any surpluses. And yes, FedGov actually manages to rack up an occasional surplus. They managed one during the Clinton years and another under Reagan.

Its doubly discouraging to realize that one of the people who consistently get both topics wrong is our current President.

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