Silent Thief of the Modern Era

Believe it or not, the current bout of inflation is worse than the bad old inflation of the 1970’s. Hyperbole? No, because when we look at a long-term chart of CPI-adjusted prices we see that the last two years have the steepest slope on record.

But anybody who’s been shopping already knows this. You can easily fit $150 worth of groceries into a single paper shopping bag now. It's depressing and alarming.

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