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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?


To: Ilaine who wrote (37659)6/3/2000 7:37:00 PM
From: flatsville  Respond to of 42523
 
CB--

You got me...I can't explain it.

Unless they thought the inflation of the 1970s was some sort of aberration and unlikely to return...or survivable. I think many are conditioned to rising prices. After all that's what prices do, no?

Their fear of depression was much more pronounced. And surprisingly they weren't that much older than me. Maybe 10-15 years on average.

Too many Depression era stories out of their parents perhaps? Oddly enough our parents were of the same age, so I heard the same stories. I was the baby (boomer) of two people that started second families post WWII--married in the 1950s. My closest sibling is 12 years older than me.

They certainly felt the effects of that inflationary period more than I did. I was in undergraduate school during the mid to late 1970s like you.

They just didn't see creeping, persistent inflation as a "culprit" they way I did. Undergraduate and graduate level economics course work will do that to you.

I also think that many people are just plain desensitized.



To: Ilaine who wrote (37659)6/3/2000 11:57:00 PM
From: advinfo  Respond to of 42523
 
CB...No doubt, this whole thing borders on the surreal...



To: Ilaine who wrote (37659)6/4/2000 12:47:00 AM
From: Joan Osland Graffius  Respond to of 42523
 
CB, >>I am surprised that older people don't fear inflation

They do and they vote.

joan



To: Ilaine who wrote (37659)6/4/2000 11:53:00 AM
From: marginmike  Respond to of 42523
 
my father bought me a CD it paid 16 3/4% It expired when I was in collage so it must have been a 10-15 year CD. WOW!