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Where's that inflation I was promised?

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There is a point at which firmness of conviction becomes obstinacy, and there is a point at which obstinacy becomes comedy. The latter was on spectacular view the other day when a prominent inflation hawk self-destructed on national TV. CNBC reporter Rick Santelli, who gets credit for spawning the Tea Party with a 2009 rant, has long warned that the Federal Reserve is courting not just...

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