There have ALWAYS been a certain minority of Americans who have lived their lives “beyond their means”. That is why inflation has become part of our economic foundations.
Permanent inflation has only been with us since around the WWII time period. The FOMC was created in 1936.
10 posted on 09/10/2007 7:29:42 AM PDT by Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)