It keeps growing, and growing . . .

By Megan McArdle
Inflation hit a 17-year high this month.  The WSJ says that with commodity prices falling, Bernanke won't be spooked into raising rates.  I hope to hell he's at least looking over his shoulder a lot and sleeping with all the lights on.

This article available online at:

http://www.theatlantic.com/business/archive/2008/08/it-keeps-growing-and-growing/3973/