I see that Martin Feldstein is once again telling us that inflation is just around the corner. (The blog post cited uses the very fitting term "Permahawkery".) It's also fitting that Feldstein makes his permanent prediction just before Groundhog Day, since this has definitely become a deja vu phenomenon. It seems that Mr. Feldstein comes out every so often to check for the shadow of inflation and he sees it every time! I suppose if he does it every year he is bound to be right sooner or later, and then he can say "told you so". But so far a ouija board would have been more accurate.
I think I will add him to my list of People No Longer Worth Listening To.
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