Blueberries, Gold, Inflation, and Professor Krugman

Membership Thermometer

Mother Jones’ union co-chair Patrick Caldwell connects the dots: Facebook's decision to throttle our content cost Mother Jones at least $400,000—the same amount we had to cut from our payroll this year. Please read his post, and if you can, chip in to help us finish our fall fundraising drive strong and hit our big goal by Saturday's deadline.

$350,000

We still need to raise about 400,000

Let our journalists help you make sense of the noise: Subscribe to the Mother Jones Daily newsletter and get a recap of news that matters.

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.