Steven Horwitz: Stupidest Man Alive

Steven Horwitz writes:

Are We Suffering from Concealed Inflation?: Those of us who find the more-than-doubling of the Fed's monetary base to be highly troubling have used all kinds of metaphors to explain why it's a problem even though we haven't seen any measurable price inflation yet.... [I:]t also may be that we are suffering from inflation that is not being accurately measured.... I will call it "concealed inflation."...[T:]he Florida's Natural carton is a fraction of an inch wider.&nbsp...