Inflation

I know I keep yapping about inflation. But it's an insidious economic fact of life given our nation's economic policies. Consider this:

Even at today's reportedly modest rate of inflation, the damage adds up as the years pass. Consider that what cost $100 in 2000 now, on average, sets one back to the tune of $120, according to the inflation calculator on the Bureau of Labor Statistic's website. In other words, a dollar's worth 20% less today than it was just seven years previous. That disturbing state of affairs has unfolded during what officially hailed as a triumphant suppression of inflationary forces!

Wow. As mentioned, this inflationary period is based on 1) the government's statistics which are suspect at best and 2) a period of time when inflation was under control! In seven short years, a 20% increase in prices. That's astounding. No wonder gold and commodities are a good investment as it appears that the Feds inflationary policies are likely to continue indefinitely.