Governments don't "cause" inflation by waving a magic wand. OTOH, many government policies DO cause inflation, which we DO have and have had for a very long time!
Depressions and some Recessions have caused prices to go DOWN in the past. Not so this time around.
I could go back to the horrible Depressions of the late 19th century, or even the ones in the early part of the the 2oth century, but anyone in their 50s or older knows what things used t5o cost re what the cost now and see just how VERY bad the inflation is right now!
In the 1950s, penny candy DID cost 1 penny a piece. Candy bars cost 5 or 10 cents. And sneakers did NOT cost $200 or more !
Yes, some things have gone down in price...long distance phone calls, for one and some electronic stuff like air conditioners.
But most things, especially food, clothing, and gasoline have gone waaaaaaaaaay up in price.
Yes, some things have gone down in price...long distance phone calls, for one and some electronic stuff like air conditioners.
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Through competition.
Back in the 60$ when I was in the military, once a month, I’d feed quarters into the pay phone, usually $20 worth to talk to my future bride for one hour. One fifth of my then monthly income on one phone call.
Thankful that those monopoly days are gone, not due to government interference but because of the invention of the cell phone.
You’re taking me back to the early, early 70’s when as a child, I got the shock of my young life when a Snickers bar went from 10 cents to 12 cents, thinking “That’s not supposed to happen!” LMAO....
What matters is two fold:
1) Can you support a family on the wages of a single blue-collar breadwinner anymore? No.
2) What kind of taxes are you paying?
3) Who sent all the jobs overseas and imported millions of Third Worlders?