or Americans under 50, inflation is little more than a theoretical concept. But for those of us born in the late 1950s and 1960s, the inflation of the 1970s was a formative experience we’d rather not repeat. Inflation was as much a part of our childhood as COVID is for today’s kids.
Everyone from that time remembers gasoline prices shooting up, accompanied by shortages, rationing, and long lines at the pump. But inflation is never about a single product or sector. It is an economy-wide phenomenon. Gas prices went up and up and up but, equally important, other prices didn’t go down and down and down.
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This year’s 10 worst climate disasters cost $170 billion - BusinessWorld OnlineTEN of this year’s most destructive weather events cost a combined $170 billion in damages, according to a new study. READ:
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