Read @charlescwcooke on staggeringly shoddy fantasy-history by @rickperlstein that should be roundly mocked, especially by those of us old enough to remember the 70s. Nobody who's actually had to worry about paying their bills could have written it.https://www.nationalreview.com/2021/09/a-ridiculous-revision-of-inflation-history/ …
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I was 21 when they ended. To think that inflation wasn't a problem for wage earners is idiotic.
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I remember you couldn't watch a contemporary TV show without inflation coming up at some point. Tons of jokes built around it.
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That's because it was a big issue.
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Yes, and it was a big issue because it directly affected people's lives in ways that were easily explained & illustrated even to eight year olds.
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