I continue to be baffled that with all the problems facing the economy and all the genuinely debatable policy issues in play, some people continue to be spending most of their time warning us of the dangers of inflation. Consider:
So-called core producer prices, which exclude food and energy costs, fell 0.1 percent, indicating broad pressure on prices because of lower demand across the economy.
I think the inflation rate should at least be above zero before we start worrying that it’s gotten out of control. I don’t think that’s too much to ask.