The Yandle Report: The Cruelest Tax

Inflation doesn't just happen, and it won't just stop without government action

The most recent reading on Consumer Price Index-measured inflation tells us that the all-items index rose 5.3 percent in August on a year-over-year basis.  Stripped of food and energy, which are highly volatile, the adjusted CPI rose 4 percent.  That’s inflation, my friend, simple, raw inflation. 

This erosion of dollar purchasing power has taken away a…