Don Quixote’s Thought for the Day: So, where’s the inflation?
When the stimulus package passed, two of the smartest people I know told me it would result in hyper-inflation. The price of oil has doubled and we see the effects at the pump, but, outside of that, there seems to be very little inflation at all. So, where is the hyper-inflation my smart friends (and many others) predicted? Is it on the way, or is there something else at work here? Any ideas?
