The article entitled, "Let Them Eat...iPads: William Dudley Antoinette Visits Queens," made the point that food and gas are not included in the calculations of core inflation that Dudley was talking about which caused a member of the audience to ask about eating iPads that Dudley indicated have not risen in price.
The article concludes with three questions:
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Do people who work for the Federal Reserve, Goldman Sachs, Wall Street firms, the politicians in Washington, and wealthy industrialists really know what is going on in this country? Do they understand how hard it is for working people and the unemployed? Do they even care?
And in the comments section was the following from Blouise:
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Finally, here is Max Keiser discussing with Michael Betancourt the true nature of the perversity of the banks (agnotology) which is mentioned in the title of this blog entry. Betancourt has an interesting definition of "immaterial capitalism." The discussion is on the second half of the video:
See the video here