Another Reason to Fear the Fed

A rah-rah story about inflation leads with this:

WASHINGTON (Reuters) – Consumer prices outside food and energy rose at their slowest pace in six months in September as the cost of apparel and used vehicles fell, suggesting inflation pressures remained contained.

The fact of the matter is that inflation, as measured by the Bureau of Labor Statistics, is on the rise:

Methinks I see the effects of quantitative easing: More money is pushing against a stubborn “refusal” by businesses to invest and expand, given the present anti-business, anti-wealth, pro-entitlement regime in Washington.

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