I am not arguing with the host.. I do recall the end of the W.W.II. however
- A loaf of name-brand bread was twenty-five cents
- a gallon of milk was about fifty cents
- the average annual salary was $3,600
- the "progressives" loved their Uncle Joe in Moscow
- socialist Norman Thomas was a presidential candidate to offer liberals a non-Communist alternative
. . . at the end of WW II the debt/GDP ratio was well above 100 percent.
consumer price index - an index of the variation in prices paid by typical consumers for retail goods and other items.
Inflation.
Your grandchildren will be paying $30 for a loaf of bread struggling to get by on an annual salary of $400,000.00.
Could be.
There used to be a coin called a mill equal to 1/1000 of a U.S. dollar or 1/10 of a cent. (A little before my time.)
There used to be a coin called . . . .
I also remember the stagflation. I remember someone buying a house with a 22 percent mortgage.
Inflation was 12 - 13 percent IIRC.
This was the Carter years at the time when the Marxist-Alinsky campus radical, psycho spoiled brats assumed control of the Democratic Party. The "neo-cons" fled the Party. Neo-cons is what the more extremist liberals called them.
At the beginning of the Reagan Adm. the Fed's Paul Volcker had to choose between high unemployment or high inflation monetary policy. He chose the former IIRC. A couple years later things were going fine.
My point: America as Churchill said, always does the right thing.. after they've tried everything else.
We tried the America of the Marxist-Alinsky campus radical, psycho spoiled brats and their Democratic Party. Time to clear the buildings they occupy on the Beltway campus and be rid of them all.