July 18, 2014

Blueberries, Gold, Inflation, and Professor Krugman

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So Paul Krugman writes a column about all the folks who have been hysterically predicting runaway inflation for the past few years, and what does he get? This:

I know it’s just a coincidence. The other 500 comments are quite likely perfectly sane. Nonetheless, this is what we’re up against.

POSTSCRIPT: In case you’re curious, food prices have actually risen 11 percent over the past five years. In other words, about 2.2 percent per year.

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BEFORE YOU CLICK AWAY!

“Lying.” “Disgusting.” “Scum.” “Slime.” “Corrupt.” “Enemy of the people.” Donald Trump has always made clear what he thinks of journalists. And it’s plain now that his administration intends to do everything it can to stop journalists from reporting things they don’t like—which is most things that are true.

No one gets to tell Mother Jones what to publish or not publish, because no one owns our fiercely independent newsroom. But that also means we need to directly raise the resources it takes to keep our journalism alive. There’s only one way for that to happen, and it’s readers like you stepping up. Please help with a donation today if you can—even a few bucks will make a real difference. A monthly gift would be incredible.

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