#Bullard is on #CNBC claiming that technology is keeping inflation low. He is wrong. Technological improvements are masking the inflation the Fed creates. Without that inflation, consumers would benefit from even lower prices.

#Bullard is on #CNBC claiming that technology is keeping inflation low. He is wrong. Technological improvements are masking the inflation the Fed creates. Without that inflation, consumers would benefit from even lower prices.

— Peter Schiff (@PeterSchiff) February 22, 2018