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Not too hard to remember when a pound of coffee had a pound of coffee in it and not 13 ounces. Also a pound of bacon had 16 ounces, not 12. Campbell Soup had a full size can and were at least reasonable, not gold plated as they are now. Mr. Alan Greenspan, our illustrious watchdog, says we do not have inflation. Wonder if he has bought a package of cheese lately or a bag of Fritos or a box of cereal or a package of flashlight batteries. Maybe he hasn't bought anything at all or hasn't gone to the movies. Maybe he hasn't bought any T-bone steaks. The big corporations are buying out each other and merging with stock issues. They get a monopoly, or nearly so, and raise the price of their products and dividends for their stockholders. Many of these companies that we remember from past days are owned and controlled by tobacco companies. If you see, I should say when you see, be prepared to pay a lot more for their product. However, in retrospect, oil was $3.29 a barrel in 1973. |