Inflation Is At A 40-Year High

Old-timers like me can vividly remember 1982's misery index, and might predict what's next economically

Credit: Hellertoon.com.

Back in 1982, I entered graduate school. The main thing I remember about money was that it was hard to hold onto it, rents in the Washington, DC metro area were shockingly high, and interest rates on loans and credit cards were painful. The U.S. economy was in recession, inflation was 6.16 percent, and joblessness reached a post…