Quote of the Day

If Zimbabwe dictator Robert Mugabe were clever, he would emphasize the "core inflation" rate--i.e., not count food and fuel. Things wouldn't look nearly as bad then. -- James Taranto, referring to Zimbabwe's 1,063,572 percent inflation rate.

That's my gift to the ThreeSources inflation hawks. I'm still a core CPI believer. Economics and Markets Posted by jk at May 27, 2008 12:22 PM