[ModelBreaker]

LOL. Did they confront 18% mortgage rates and 13% inflation.

To be fair, the feds have jimmied the calculation of inflation so much that the numbers today are not comparable to the numbers in 1980.

[Secret Agent Man]

Its funny every generation thinks they are the worst off.

[CurlyDave]

...To be fair, the feds have jimmied the calculation of inflation so much that the numbers today are not comparable to the numbers in 1980...

1980 was the year my personal fortunes changed, very much for the better. I made an offhand comment about how bad inflation was, and a friend pointed out that he had personally benefitted greatly from inflation. I thought about that claim for about a week, and started investing every nickel I could in assets which would withstand inflation.

The real point is that inflation is not something I can control and is also something that greatly benefits the government. (Borrowed money is repaid in inflated dollars.) The government will always talk a good game on inflation, but will encourage it when you are not looking. Your job is to arrange your personal life to take advantage of inflation.

[fluorescence]

To be fair, the feds have jimmied the calculation of inflation so much that the numbers today are not comparable to the numbers in 1980.

Yep...

http://www.shadowstats.com/alternate_data/inflation-charts