Wednesday, November 10, 2010

Palin knocks another one out of the ballpark

http://hotair.com/archives/2010/11/09/palin-do-newspaper-reporters-read-their-own-newspapers/

The problem isn't that this current inflation rate is somehow historically large.  It isn't, as Reddy and the original WSJ article notes, although retailers are already having problems in getting consumers to purchase goods in normal quantities because of it.  The point Palin made was that taking a voyage on the QE2 would make a difficult issue for consumers and retailers much worse through the deliberate introduction of even higher inflation, an explicit motivation behind the Fed's actions.

So Palin was right once again, and once again a reporter winds up with egg on face from starting out with an assumption that Palin couldn't possibly know what she's talking about.  Lather, rinse, repeat.

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