Posted on 03/25/2018 12:58:33 PM PDT by Altura Ct.
Well I lived through it and it wasn’t that easy. Most Americans weren’t in the position to go out and buy acres of land or bars of gold to ride the inflation wave. Wages weren’t keeping up with inflation and any savings you might accumulate were eroding as fast as you gathered them. Mortgage rates were near double digits. Writing off credit card interest was small consolation and only worth something to those who filed the long form.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.