FED FOLLY

We've been suggesting for some time now that when the Fed has played its final tapering ploy they will wind up behind the curve. Practically everything the Fed does conjugated with media mesmerizing plays down the threat of inflation.

Any and all price hikes, according to this chorus, are but mere aberrations notwithstanding that one of the country's largest workman's comp medical providers just raised its prices for the fourth time in three years.  

There ain't no hedonic potion here just hard, real facts. Nor are these increases munchkin-sized.

Calling it a scam would sound too cynical. Calling it what it is, bureaucratic fumbling and bumbling, guess work of the first degree, is less cynical and more accurate. And far more dangerous.

http://online.wsj.com/news/articles/SB10001424052702304640104579490022832019960?mod=hp_opinion&mg=reno64-wsj