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<p>[QUOTE=&quot;10gary22, post: 1099067, member: 23626&quot;]About the time OPEC was formed. Until that time the inflation was pretty even, but after the energy cost rose so high, the standard of living dropped like a rock. Food and housing costs rose dramatically, Interest rates went to 14% on home mortgages. Nixon called for a price freeze. The days of dad working and supporting the family were gone forever after that. Inflation is reflected in many ways. A 3 bedroom house that cost 18k in 1972 which sold for 165 k in 1984 is what I referred to an &quot;inflation&quot;. More reality based than economic theory. When people have to work many more hours to obtain the same goods, that&#039;s my term meaning of &quot;inflation&quot;.</p><p>&nbsp;</p><p>gary[/QUOTE]</p><p><br /></p>

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