Last year, I was not prepared for the reaction to my annual updating of the Christmas Cookie Inflation Index (CCII). More precisely, I was not prepared for the partisan defensiveness and aggression from a portion of our audience regarding my annual (lighthearted) discussion of inflation. This year I’m going to try and blunt that reaction by issuing the following statement right at the top: Nothing that I write here should be construed to be for or against any national political party or politician. I do not personally believe, and I am not trying to suggest, that the policies of a specific national politician or party has caused or alleviated inflation, gas prices, food prices, or the like. If anything, my comments and analysis here should be read in the context of a tension between top-down and bottom-up, not a conflict between left or right of center.
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