Professor Elam

Reobert Samuelson  looks beyond the usual inflation numbers.  Well  oil is up and so we tried to substitue ethanol for oil which pushed corn prices way up.  With corn up producers found it hard to feed cattle and poultry so that production is down. But demand did not go away so prices for meat and poultry are up. But according to the government, if you don’t eat or drive your car, that core inflation stuff, there is no inflation. But the trade deficit is pushing the dollar down which is pushing gold up.  Did you get all that? 

Check out this column, a good read.