Quote:
Originally Posted by Dee8go
I am astounded at what things cost now. Inflation is like an invisible tax and I think our taxes are going up steadily. The more money the government prints, the higher prices will go. I hope that things don't return to the way they were during the Carter administration.
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Yep, I share the same concern. In a few short years I may very well be living on a fixed income. At that point, inflation is what could really make it tough.
I do believe that whoever is in the Whitehouse beginning in 2012 won't matter when it comes to the inflation bit. The economy is like a big ship and doesn't turn on a dime. Even if things are put in place that can correct it, there will be a long delay before they take hold.
I was a young adult during the Carter years making decent money, but the inflation still kicked our butts.