Monday, January 11, 2016

"Runaway Inflation"

We've all heard this absurd myth regarding the presidency of Barack Obama.  In 2009, the far-right media pundits mentioned it at least once per hour.  Even on the mainstream media, there were no shortage of idiotic pundits spewing nonsense about how we'd all be having to buy bread with wheelbarrows full of cash.  After 7 years however, the results are incontrovertible, and so, the lunatic fringe seldom talks about runaway inflation anymore. Here is how the last four two-term presidents have performed on the issue at hand:

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In case the reader is curious as to how one-term president George H. W. Bush fared in this regard, inflation was more than double during the four years he was president, than what it was during 7 years of Obama:

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In fact, the last president who served a full term, to preside over a smaller rate of inflation, was Dwight D. Eisenhower, who left office 65 years ago:


As such, it is safe to assume that those pundits who warned of hyperinflation have a complete absence of credibility on any subject whatsoever.


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