US inflation is in the range of 5 - 8%, depending on your source, and China just increased their rates. Are you saying this was symbolic, and they're not serious? Or did you write this before the rate hike was announced?
I'm trying to figure out whether you're just a shill for Fed, and from the looks of your two latest posts, it appears that's exactly what you're doing.
You've stated in both posts the domestic inflation here in the US is statistically low. Are you out of your mind? Depending on your sources? I don't have an ivy league education, yet I have enough sense to know wages have been stagnant for two decades while inflation keeps inching upward and CEO pay has increased 300%.
I think you're missing the forest for the trees. We're at the end of a seventy year business cycle fueled by deficit spending, and fundamental reform must be enacted to reverse the rise of the oligarchy here in the US. Simply put, all inputs to production must share equally in the profits on a dollar for dollar basis, if we are to remain a free society. The alternative is a central run economy, which is what MMT is all about. Hasn't worked any where at any time in history, so I'm not sure why Bernanke is betting the bank on it. I guess he despises his middle class upbringing in South Carolina and thinks he knows better than anyone how to avoid a collapse of the dollar to the benefit of entrenched interests, both public and private, instead of promoting the general welfare, as our constitution states. When a government acts in it's own interests instead of those of it's citizens, it has lost legitimacy, and must resort to terror tactics to maintain control, such as those employed by DHS at the hands of the TSA.
Keep siding with the entrenched interests, Cullen. I'm sure there will be a place for you at Satan's table.
http://seekingalpha.com/article/251616-is-the-central-bank-causing-inflation?source=feed
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