jeudi 18 septembre 2014

What happened to the myth of inflation?

I recall a section in the original YMOYL about the myth of inflation. It included a table of basic living expenses from, I think, 1970 compared with 1990. Surprisingly, many prices had not changed much.



When I finally read the revised edition last year, I did not see this section. Did I miss it? Or was it left out? If so, why? Did time prove the myth not a myth after all -- i.e., did the debunking of the myth not hold up?



Anyone seen anything similar to the original table but for more recent decades?





What happened to the myth of inflation?

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