No wonder Washington purposely miscalculates inflation — because even factoring in the official number, US Treasury yields are below zero and falling.
Put in the real inflation figure — about ten percent — and you’ll know exactly how far the Fed has already gone to inflate away the debt we’ve accumulated in the last ten years.
I’m totally out of bonds. Are you?
Steve launched VodkaPundit on a well-planned whim in 2002, and has been with PJ Media since its launch in 2005. He served as one of the hosts of PJTV, a pioneer in internet broadcasting. He also cohosts "Right Angle" with Bill Whittle and Scott Ott at BillWhittle.com. He lives with his wife and sons in the wooded hills of Monument, Colorado, where he enjoys the occasional adult beverage.
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