If you are 55 years old or younger you do not have living memory of what it means when inflation takes hold of our economy. It is not merely that you the price of everything goes up. It is a recipe for killing the economy and will feed a black market and reduce the revenue that governments–local, state and federal–rely on to provide services.
I graduated high school in 1973. The United States was on the cusp of a major inflation crisis (I encourage you to read the article that is linked here):
This is the gruesome story of the great inflation of the 1970s, which began in late 1972 and didn’t end until the early 1980s.8 In his book, “Stocks for the