Inflation Can Be Beaten

News item today, July 15, 2008 (Washington Post):

“The Labor Department reported that soaring costs for gasoline and food pushed inflation at the wholesale level up by a bigger-than-expected 1.8 percent in June, leaving inflation rising over the past year at the fastest pace in more than a quarter-century. Over the past 12 months, wholesale prices are up 9.2 percent, the largest year-over-year surge since June 1981, another period when soaring energy costs were giving the country inflation pains.”

At the same time, the Labor Department pointed out that this inflationary jump included major increases in the cost of fuel and food. If those two items are dropped out of the equation inflation is a much lower number. So I guess the thing to do is; don’t drive your car, don’t cool or heat your house, don’t feed your family, don’t use electricity, and don’t use anything that involves plastic. Do all of these and your family will not feel the effects of inflation. Doesn’t that make you feel better?