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<p>[QUOTE=&quot;SilverSurfer, post: 797162, member: 21603&quot;]As I understand it, information from my father who lived through it, Nixon didn&#039;t institute a price freeze....he instituted a wage freeze.&nbsp; There is a big difference.&nbsp; I don&#039;t think 4% inflation is too bad, as we&#039;ve had that many times in the past 20 years, but maybe only on a monthly basis, not for a whole year.&nbsp; But, for those not working that are on a fixed income, like SS or retirement funds, even 3% inflation is high, as that means all prices will double in 20 years.&nbsp; Retirement being age 65, that means by 85, everything will cost twice as much.&nbsp; I wonder how many people actually consider inflation when they think they have enough money to retire.&nbsp; At my age, I think I will need 1M dollars in the bank and that will just be to cover expenses like food and rent when I retire.[/QUOTE]</p><p><br /></p>

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