New Lies for Old
March 1, 2011
Federal Reserve Chairman Ben Bernanke told Congress Tuesday that a prolonged rise in oil prices would hurt the U.S. economy. But he said runaway inflation is unlikely. “The most likely outcome is that the recent rise in commodity prices will lead to, at most, a temporary and relatively modest increase in U.S. consumer price inflation,” Bernanke said.
The Best of Christopher Manion
Christopher Manion [send him mail] a Catholic teacher and writer, is president of Manion Music, LLC, which produces copyrighted, royalty-free music collections for telecommunications media and commercial and hospitality sites that use background music or music-on-hold. He writes from the Shenandoah Valley, where he is a volunteer Spanish translator for local law enforcement. Follow him @realchrismanion.

