We are currently experiencing economic inflation. In the world of economics, inflation is a general increase in the prices of goods and services in an economy. When prices go up, our purchasing power is reduced. Our reaction is complaint! We feel the pinch and we don’t like to be pinched, especially in our wallets.
There are manifold reasons for this present dilemma. Whatever those reasons may be, they are not limited to the United States. Economic inflation is happening around the world.
There is another definition of “inflation” that has nothing to do with economics, but has much to do with our attitudes. It is the action or condition of being inflated, like the inflation of a tire or a balloon. This definition applies to our American mentality. We suffer from an inflated “right” to comfort, both in our lifestyles and in our wallets. We are a spoiled people. While folk in Europe and other places around the world have been paying a small fortune for gasoline for years, we have not! “To Europeans $4 a gallon is nothing.”
This inflated “right” to comfort (in every sense of the word) has been with us for a long time. We want everything, but we don’t want to pay for whatever that “everything” is! Ninety percent of all the consumable goods produced on the earth are devoured by a fraction of the world’s people who live in one country: the United States of America! Enough said.
