In 1970 you could buy a great car brand new for $5000. We’ll never see that price again. Does pointing that out make me “scary”?
[In 1970 you could buy a great car brand new for $5000. We’ll never see that price again. Does pointing that out make me “scary”?]
It certainly does because it means you are ignorant both of monetary policy and free market economics unfetterd by govenment over-regulation. Scary indeed.
That was 42 years ago.
Seven or eight years ago gas was around $2, 2.25 a gallon. Now it's TWICE AS MUCH (while everything still costs close to the same, nothing near doubling in price, like gas). Gas prices are soaring for geo-political and environmental reasons manufactured for political expediency.
Other prices have remained relatively stable. Gas has leaped, and always predictably. Increase supply, and the price will go down and the econony will prosper.