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June 13, 2008
Core Inflation and My Golf Game
I love these wonky discussions of "headline" and "core" inflation. The latter excludes inflation in food and energy, which are, of course, the things whose current price increases piss people off more than anything else.
With that in mind, my friend Barry likes to say that without his strikeouts he'd be a .400 hitter. I am fond of pointing out that ex- driving, chipping, and my iron game, I'd be a scratch golfer. You know, my core golf game versus the headline game.
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