Obamacomics

Let’s say that a baker produces bread for $1 per loaf.

Each loaf has 20 slices of bread.

The baker raises the price of the loaf to $2 and then promises that next year he will freeze the price of one slice of that loaf of bread, but the price of the other 19 slices of the loaf may well go up.

I call this Obamacomics.