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The tyrant "has desires which he is utterly unable to satisfy, and has more wants than any one, and is truly poor, if you know how to inspect the whole soul of him: all his life long he is beset with fear and is full of convulsions, and distractions, even as the State which he resembles."
Friday, August 29, 2025
The core pce inflation rate was 48% lower 2009-2020 than it was in July 2025
The July 2025 yoy rate of core pce inflation, the Fed's key measure, rose to 2.877%, the third increase in the rate since April.
The average rate 2009-2020 was 1.5%.
Averaging 2.77% for the last year and a half is not progress.