Good News! Inflation Is Rising

Conservatives are incapable of letting go.

Every change is conceived as calamity.

Every appeal to the past promises a new Golden Age.

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"Conservatives Scare More Easily Than Liberals"

http://paxonbothhouses.blogspot.com/2013/07/conservatives-scare-more-easily-than.html

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Inflation is rising: Yay! "Rising prices are a sign of growing consumer demand -- and that demand is the engine of the American economy. A little bit of inflation also helps reduce the cost of doing business, which means companies can hire more people. And inflation makes debt easier to pay off, which anyone with a student loan or a mortgage can appreciate. Indeed, one of the most puzzling aspects of the recovery over the past year has been why inflation has remained so low -- not just in the United States but across the globe." Ylan Q. Mui in The Washington Post.

Price increases show U.S. picking up as jobless claims keep falling. "The cost of living rose in April and fewer Americans filed claims for jobless benefits last week, showing the world's largest economy is making progress toward the Federal Reserve's unemployment and inflation goals. The consumer-price index increased 0.3 percent last month, the biggest gain since June, Labor Department data showed today in Washington. The number of applications for unemployment insurance payments dropped by 24,000 to 297,000 in the week ended May 10, less than any economist projected in a Bloomberg survey and the least since May 2007." Victoria Stilwell and Lorraine Woellert in Bloomberg.