Inflating the fear index

Matthew Yglesias, in this post, says what I’ve been thinking for a while:

I continue to be baffled that with all the problems facing the economy and all the genuinely debatable policy issues in play, some people continue to be spending most of their time warning us of the dangers of inflation. Consider:

So-called core producer prices, which exclude food and energy costs, fell 0.1 percent, indicating broad pressure on prices because of lower demand across the economy.

I think the inflation rate should at least be above zero before we start worrying that it’s gotten out of control. I don’t think that’s too much to ask.

Author: hankkalet

Hank Kalet is a poet and freelance journalist. He is the economic needs reporter for NJ Spotlight, teaches journalism at Rutgers University and writing at Middlesex County College and Brookdale Community College. He writes a semi-monthly column for the Progressive Populist. He is a lifelong fan of the New York Mets and New York Knicks, drinks too much coffee and attends as many Bruce Springsteen concerts as his meager finances will allow. He lives in South Brunswick with his wife Annie. View all posts by hankkalet