Living costs have doubled since 1967, and the impact varies widely
Just as it has been doing each week for months, inflation last week pumped up the prices that Americans paid for their goods and services by another $3 billion or so. Billions of this, trillions of that: it is beginning to sound as if the national currency were McDonald's hamburgers. More than all the other measurements of gloom, the one statistic that people can really grasp and feel is that the U.S. enters 1979 with prices almost exactly double what they were in 1967,...
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