the visible hand

it is the theory which decides what can be observed – einstein

Inflation was low because oil prices surged

Posted by ecoshift on November 1, 2007

Beyond irony:

Pay no attention to the man behind the curtain.


Inflation was low because oil prices surged – MarketWatch
By Rex Nutting, MarketWatch
Oct 31, 2007

WASHINGTON (MarketWatch) — As odd as it sounds, the government reported that inflation was at a four-decade low in the third quarter, primarily because import oil prices rose so much.
If you don’t understand that, welcome to the confusing world of national income accounting, where up sometimes is down, and where sometimes one plus one can equal zero.

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