Dr. Michael Berry testifies in front of the U.S. Federal Reserve twice/year. In this interview he discusses his perspective on where Chairman Ben Bernanke is…
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The U.S. Federal Reserve WANTS inflation: Michael Berry
Economists take out things like energy prices and food prices when talking about inflation because these things are too volatile to really give an accurate picture of inflations long term trend, taking these out gives the core inflation – which is more useful for academic discussion.
You fail to understand his point, even as you paraphrase it? Who's being foolish?
I stopped watching this retard as soon as he said "Inflation isn't here, except if you have to eat, have to have a house, or you have to drive a car"(pfft any energy is expensive as fuck). So when inflation hits energy, housing, and food that isn't a problem? What a complete tool,.
Paying down the debt? Sounds nice, but it isn't actually happening.
Their is not going to be a middle class in the usa by 2015. All the good high paying jobs went, to China, vietnam, india and mexico. Hedge funds and mom and pop chinese inventors buying up all the residential home real estate and turning once good middle class neighborhoods into rental communities.