The Ode Street Tribune: Rosslyn local news from a Rosslyn resident to everyone, worldwide
Thursday, May 10, 2012
sign of price inflation
A leading macroeconomic indicator of inflation is the price of drying a load of laundry in the historically important Westmoreland Terrace Condominiums. A sign in the laundry room declares that the price will rise from $1.25 to $1.50 on or about May 17. The cause of the rise is listed as "fuel costs". This increase suggests that the Federal Reserve's policy of quantitative easing is generating some inflation. To save money, do your laundry as soon as possible.