John Cochrane

Inflation's heating up again.

And we've got to get it back down.

Grocery prices, for example, jumped about seven-tenths of a percent last month alone.

I'm not buying this.

I can't afford it.

Consumers are just to the point where, give us a break.

One way to say it would be, I think we now understand better how little we understand about inflation.

No, honestly, this was unpredicted.

the OPA.

It's just a Christmas wonderland, this pricing office of the OPA in Washington.

You do not have to be a professor of mathematics or economics to see that if people with plenty of cash start bidding against each other for scarce goods, the price of those goods goes up.

I realize that it may seem to you to be overstressing

We interrupt this program for a special news bulletin.

The government didn't train the best skilled labor force that the world has ever seen in America.

Private enterprise did.

We had lines that used to start four o'clock in the morning.

Now this station didn't open till seven.

How much have you got left in there?

None.

It's empty.