In Mammon Among Friends, Malcolm C. Harris, Sr. provides commentary and news about the national economy, the Wichita economy, the world of finance, and utility & postal economics. Experiences such as a utility commission staff manager, forecasting postal volumes and revenues, consulting on utility regulation, and teaching corporate finance have shaped his analysis.
Wednesday, July 16, 2008
Inflation Hit 5% in May
These are numbers Ben Bernanke and his colleagues at the Fed can not ignore. Inflation is sucking out purchasing power from the economy faster than any stimulus can add it back. The way to fight the recession is to stop inflation now.
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