> Max Sawicky wrote:
>
> >This is the Fed line. Problem for defenders of such a line
> >is, there is no evidence of inflation, not even the moderate
> >kind.
>
> Year-to-year CPI inflation:
>
> Feb 99: 1.7%
> Feb 00: 3.2%
>
> Doug
Yeah, but you are defining inflation as "price increases". So 20th Century. If you exclude food, energy, tobacco, housing, health care and education, Max is right. Excluding inflation, there is no inflation.
Plus, the BLS computers are way faster now. Did you include that above?
-- Enrique Diaz-Alvarez Office # (607) 255 5034 Electrical Engineering Home # (607) 272 4808 112 Phillips Hall Fax # (607) 255 4565 Cornell University mailto:enrique at ee.cornell.edu Ithaca, NY 14853 http://peta.ee.cornell.edu/~enrique