Sunday, November 14, 2010

Inflation: Just Look at the Tax Software

Since our current Treasury Secretary used TurboTax, I thought it would be interesting to see how that price of this product has inflated recently. I went to Amazon and looked at some past and recent purchase. This year the early combined price for Business and Personal is just over $185. Then I plotted the past few years and looked at the annual increases. It is over 15% inflation with this years being almost 20% inflation. Is QE2 hitting first in software? Is TurbooTax the canary in the mine shaft? It is our projection of inflation resulting from an effective QE2.

Stay tuned.