The only persons who appear not to be �concerned�about price inflation are�NYT columnist Paul Krugman and his former Princeton colleague,�Ben Bernanke, and other members of the Fed.
But keep in mind, just�a few�months ago Krugman wrote this:
There?s really nothing here to shake my view that deflation, not inflation, is the threat.Bernanke, who famously said the subprime crisis is no big deal, has been�in lock step with�Krugman in his lack of concern about price inflation. This is really scary�since Bernanke is the captain of the money printing boat, known as the Federal Reserve.
And New York Fed president William Dudley doesn't think there is an inflation problem because as he put it: "Today you can buy an iPad 2 that costs the same as an iPad 1 that is twice as powerful. You have to look at the prices of all things."�A member of the audience quite correctly shouted to Dudley, ""You can't eat an iPad."
Anyway,�here's something more to contemplate while you drink your morning coffee.�SFC, again, this time on coffee�prices:
If it hasn't already, your local coffee shop is probably about to raise the cost of your morning latte.(Thanks2Nick)Global coffee prices have doubled over the past year, recently reaching a 14-year high and leading national companies like Starbucks to increase prices in recent weeks. Peet's and some smaller Bay Area specialty coffee roasters raised prices in the fall, while others are just now announcing increases. And it doesn't look as if it will stop there...
Coffee prices generally fluctuate with the C market, a global commodity futures market that establishes benchmark prices for green arabica beans, the highest-grade coffee. Last spring.
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