by It’s hard to quantify inflation historically, because, although we know prices have gone up we know that we have also gotten raises along the same path; however, if you start to look at how many Big Macs you make an hour, you see just how bad it is:
Don’t blame the younger generations. They weren’t pumping up the money supply with all their home loans, second mortgages, and third car loans. Which, by the way, is the way to pin down those Boomers who try to blame everyone but themselves for their actions.
Because they are responsible for the post-1980 inflation. They borrowed and spent the money. Inflation isn’t printing money, it’s borrowing money. That’s how the money is created. And the private economy is still, to this day, considerably larger than the public one.
It’s worse than you think
The free credit that’s defined a generation is coming back to haunt its children about the time that generation is leaving the scene. And they’re leaving us with a mess.
