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During the long recession/depression, companies tried to offset sharply higher prices for goods by making the packaging smaller. Thus, 1 lb. of coffee is now 12oz. Kleenex boxes, same. Another sharp decline was in quality of packaging, ingredients, etc. They saved every penny they could. similarly, individual businesses on Main St closed up because they cannot compete price wise when their customers are squeezed hard to save money.

Had we not gone off the gold standard,, Americans could not be lulled into our long slow decline of fiat money, expansion of the size of government and its regulations strangling business, and in consequence, the raising of the Iron Curtain in China where slave labor kept our prices artificially low.

Johnson and FDR created the two hungry mouths of socialism, SS and Government regulated medical pricing, but Nixon and his Prussian alter ego HK fatally stabbed us in the back. Prior to those pragmatists, Americans well understood that doing business with countries whose citizens are enslaved is antithetical to America's moral code. Once the compromise was made to send our manufacturing over to the hungry, hard working people of China, we lost our moral compass. And here we are today watching all the relativism play out.

Thanks for your thoughtful Comments.

I am always struck by the fact that the Federal Reserve and many economists claim that 2% inflation is “healthy,” and that it is a “goal” to be strived for.

The idea that doubling prices every 36 years is somehow “healthy” is completely bizarre in my little universe.

Inflation is how we 'raise taxes' without raising taxes.

If our income goes up with the inflation rate; then we get paid more while things cost more: a net zero game.

However; as we get paid more; more of us slide into a higher tax RATE; thus the gummint gets more of our money.

Quite sneaky!