Palin Doesn’t Buy The Groceries

Ken AshfordEconomy & Jobs & Deficit, Election 2012, Tea Party1 Comment

Sarah Palin, earlier this week, complaining that the Fed's monetary policy will drive up inflation::

All this pump priming will come at a serious price. And I mean that literally: everyone who ever goes out shopping for groceries knows that prices have risen significantly over the past year or so. Pump priming would push them even higher."

Yeah, um, except the truth is that Sarah Palin obviously hasn't gone out shopping for groceries anytime recently because inflation is basically non-existent.

But far from "rising significantly," overall prices have moved at historically low rates in recent months — just 1.1 percent in the past year. The Wall Street Journal's Sudeep Reddy dug deeper into the numbers and found there was even less evidence to back up Palin's specific groceries claim — inflation for food and beverages was less than .6 percent for the first nine months of the year. That's the slowest rate of price increases for food and drinks since the Labor Department began keeping track in 1968.

By the way, when a writer for Slate tried to raise this point on Palin's Facebook page, he quickly discovered that it doesn't take much to get deleted from the world of Sarah Palin.:

About an hour after Palin's post, I made this point in a few sentences and posted them on Palin's Facebook page in the space allotted for readers to participate in the conversations she starts. I wanted to see if any of the other participants would respond, as they sometimes do. They didn't—because within two minutes, my post had been deleted from the steady stream of acclaim from Palin fans congratulating her for tweaking the media and urging her to run for president. It's the first time I've been kicked out of a place of worship.

He kept trying.