Inflation is real

It is an insult ot our intelligence to constantly read and hear our economy has no inflation. The talking head Alan Greenspan of the Federal Reserve banking committee constantly states there is no inflation. Then Rachel Beck wrote in the Spokesman-Review an article entitled "Inflation fears may be overblown, evidence shows"(Aug. 6) that the price of T-shirts to toys have not realized an uptick in price. These statements are unintelligent.

We have seen our paycheck buying power shrink in the past two years. Everthing that touches our lives has increased in price from housing, medical, prescriptions, food, utility bills, travel, tuition, autos, gas and taxes. Everything necessary in our lives has increased in price. So how can they say there is "no inflation?" Do they not realize what the greed of the oil executives and war has done to our economy? Try to explain to us how oil prices and war cost can increase weekly and not cause inflation?

The talking heads and our government should be honest and tell us eh truth; we do not need the propaganda "all is well" when it is not.

Herschel Stoops

Spokane, WA

The Spokesman-Review