Incumbents: Good, Bad, or Indifferent -- Thank Goodness Krugman Is Not Fed Chairman or Sec Treasury

Paul K. needs to visit the Bakken. And his neighborhood gas station, and his local supermarket. He needs to get out once in awhile.

Link here: the takeaway according to a snippet is that there is no inflation in the minds of these folks -- they obviously don't buy gasoline and they obviously don't shop at the supermarket.