You’ve got a point.
Inflation is a hidden tax, that bleeds off savings and makes long term projections and comparisons difficult or impossible. The collapse of the financial system has me scratching my head - are these people delusional? Have they not been paying attention, or perhaps they think the alligator will eat them last.
“...the financial system has me scratching my head....” When derivatives appeared on the scene (first became aware of them in the ‘90’s because of a Fortune article), I realized that there’s a lot more to the subject beneath the surface. The rating agencies’ misbehavior, the subprime mortgage debacle, the failing of our watchdog agencies to ensure accurate financial reports, have all contributed to my confusion.