I am from DC but live in NYC. When I go home, I take the bus back and forth as it has always been cheap and easy. Unfortunately, I noticed that ticket prices were recently increased 15% on Tripper Bus!Anthony, yes exactly! Ben Bernanke doesn't take a bus and when he travels on Fed money printing business, the Fed pays for it out of interest earned on the Treasury bills bought with money printed up by the Fed. Get it? In his world, there is no price inflation, because he pays for hardly anything. The Fed pays for it.
It used to be $25 per ticket and every fifth ticket was free. This amounts to $20 per ticket. The price increased to $27 per ticket, but now every seventh ticket is free. This amounts to $23.14 per ticket or a 15.7% increase.
But of course, inflation is only 2% per year. I guess when you travel between the two cities on a jet paid for by US taxpayers, it is hard to see the price increases.
BTW, as you know, it's only going to get worse.