Strategies for coping with INFLATION - Jeff Calkins - December 1976

Jeff Calkins

The famous economist, Lord Keynes, when asked about the long-range effects of his policies, answered: "In the long run, we're all dead." Well, the long run is here now, and those of us who are still around have to live in a world of continually rising prices. This means the smart consumer will know the steps to minimize the impact of inflation on his pocketbook. Inflation should now be added to death and taxes. Was there ever a time when prices weren't continually skipping up an eternal incline? Economists tell us that, yes, back in the deepest pre-Keynesian days prior to 1932, prices actually weren't always going up. Most of us alive now, however, have never known such conditions, and those who have can also remember other such antediluvian phenomena as prohibition, raccoon coats, and speakeasies. Inflation, in Short, is with us to stay. The intelligent thing to do would be to try to make the best of it. - Information Supplied By: Herbert W Armstrong Library