Once again, the Right Wingnuts, gold bugs, supply siders, and monetarists all; are wrong. CPI is deflationary this past month, -0.2%.
The moolah that the Fed is "printing" (it isn't, it's just exchanging bonds for cash; assets don't change) stays with the Morgans, Carnegies, Rockefellers, Chases, and Mellons. Unless, and until, the moolah makes its way into the hands of the lower classes (ain't no middle no more), there won't be inflation.
The Right Wingnuts insist that the issue with the "recovery" isn't lack of demand, yet prices don't move up. There's more supply than demand, that's Econ 101, even at the Fascist Family Home School.
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