Two Sentences Proving I'm Right

This is a fairly unremarkable Daniel Gross column, stating the usual argument that non-core inflation is important and our mechanisms for measuring core inflation are inadequate. But it's really worth reading for the following two sentences justifying everything I've been saying about the Fed recently:

There are sound macroeconomic reasons to believe higher inflation may be a fact of economic life, according to former Federal Reserve Chairman Alan Greenspan, who discusses the topic in his new memoir, The Age of Turbulence. (Apparently, the editors killed the original title: The Dotcom Bubble Wasn't My Fault. Nor Was the Housing Bubble.)

Sweet. (By the way, I know Gross doesn't write his headlines but he should have stepped in to block this one. It asks, "Why Won't the Government Admit Inflation is Rising?" Gross doesn't answer that question, though the answer is simple and instructive: Social Security is indexed to consumer inflation.)