vodka_tonic

Fallacy of Inflation Targeting

wells lets see, food prices and oil have gone up for sure in the past 3 years, housing prices whether to buy or rent ditto, i have company subsidized medical insurance and it too has gone up, my wages have gone up above these, but i think for most americans we will assume fairly static....therefore there is inflation, no illusion.
what i found damning about your article is the call to abolish the FED. i cannot imagine a worse catastrophe. the rich will eat the poor alive.
btw, even if we moved back to a gold standard, gold reserves are finite and this will cause currency based inflation anyway. ron paul is an idiot on this one at least.