re: #36 KGxvi

part of the problem with “inflation” as an issue is that it doesn’t really stop, it just slows down to an acceptable level. and the level of freakout that would happen if we ever entered an extended deflationary period would break what few brains haven’t been broken by the first quarter of the 21st century. instead, what ends up happening is a bunch of people complaining because what used to cost a dollar now costs a dollar fifty, or whatever.

“Back in 1978 a candy bar was a nickel and gasoline was about 65¢.”