I think the difference today is that everyone is using fiat currency, and the markets for commodities potentially useful as a medium of exchange (gold, oil, etc) are too volatile.
We've already been living with slow inflationary growth, despite the nonsense spewed by the government. In 1985, a single wage-earner could support a middle-class family. In 2005, two parents need to work, mostly to pay a mortgage and pay a few minimum wage earning daycare workers.
We've already been living with slow inflationary growth, despite the nonsense spewed by the government. In 1985, a single wage-earner could support a middle-class family. In 2005, two parents need to work, mostly to pay a mortgage and pay a few minimum wage earning daycare workers.