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<p>[QUOTE=&quot;Ed23, post: 2151080, member: 32117&quot;]First of all there was no &quot;high inflation in the 1940s&quot; nor was there any real &quot;deflation in 2009&quot; ... Just because some government hack says it&#039;s happening doesn&#039;t make it a reality. The price of clothing and hotel stays dropping temporarily does not mean deflation is occurring. It just means people were so broke they are willing to wear their clothes another year and not make any trips. The necessities of life, such as food, continued to shoot up during 2009.</p><p><br /></p><p>Secondly, the people of the 1940s were much more self-reliant than we are today. In fact no one, other than prison inmates, was dependent upon the government for their next meal. This generation willingly did without or used ration stamps to purchase items they couldn&#039;t grow just so they could give more to the war efforts to defeat the Nazis and Japanese.</p><p><br /></p><p>People born after 1985 can&#039;t even imagine what life was like in the 40s, 50s and 60s. Some simple illustrations are: 1) we know how to tell food is bad without an expiration date stamped on it, 2) we know how to entertain ourselves without TV or other electronic devices, 3) we didn&#039;t mind sharing phone service with 3-4 other families on a party line and 4) we put cloth diapers on our babies, washed them daily and hung them on a clothesline outside to dry. All of these acts are almost unheard of in those 30 years old and younger. There may be more money available today than in previous years, but there is also more debt than ever before, as people readily hand over their credit cards to buy things now rather than doing without, waiting temporarily while they save up for it.[/QUOTE]</p><p><br /></p>

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