Another item of intrigue from my road trip: in the middle of the desert there were billboards advertising a reward for information regarding telephone-line thieves.
No, people aren’t stealing phone service; they’re stealing the actual phone line – thousands of feet of copper worth thousands of dollars these days.
In stark contrast to the tame, government reported inflation numbers, copper prices are up 500% in the past 5 years or so. Dr. Copper, for one, is calling bulls%!# and spawning an entire new class of inflation vigilantes.
The powers that be telling us that there is no inflation ought to ask the loved ones of the people buried at Cooke Walden Capital Gardens why their eternal rest ain’t so peaceful lately.