Believe it or not, the current bout of inflation is worse than the bad old inflation of the 1970’s. Hyperbole? No, because when we look at a long-term chart of CPI-adjusted prices we see that the last two years have the steepest slope on record.

But anybody who’s been shopping already knows this. You can easily fit $150 worth of groceries into a single paper shopping bag now. It's depressing and alarming.

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