Oh, my aching inflation

I was poking around the economics sites on my list after this article on Zero Hedge, and I found this on ShadowStats.

Folks, that’s 15% inflation, using the 1980 method of calculating such things. Our government says it’s 7%. If you’ve been to the store lately you know that someone is lying, and I don’t think it’s ShadowStats. I lived through the 70s, even if it was as a teenager. I feel a lot of things that have that 70s vibe to them.

Are you ready yet?

(Edit, 1502: Bayou Renaissance Man has more on the subject in this post. It seems a lot of us are watching this.)

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