Wednesday, December 01, 2004
On this day:


Just two weeks ago, the press and some economists were spinning that the U.S. might be seeing a significant uptick in inflation. I posted on it at the time here. A link to the original AP story that was run in newspapers nationwide is here.

Today, however, the Commerce Department has reported that core inflation, excluding the volatile food and energy sectors, remains at the lowest levels since the 1960's. (Link via the Drudge Report.)

This is just one more reason never to trust the MSM's reporting on the state of the economy. In general, they are either too incompetent or too biased to give an accurate assessment.