Wednesday, July 7, 2021

"Inflation Is Our Friend!"

"Inflation Is Our Friend!"

Dan Aykroyd of “Saturday Night Live” had a memorable spoof of President Jimmy Carter’s anti-inflation speech in 1978, where he was ‘quoted’ as saying:

“Inflation is our friend. In the year 2000, if current trends continue, the average blue-collar annual wage in this country will be $568,000. Think what this inflated world of the future will mean — most Americans will be millionaires. Everyone will feel like a bigshot.

“Wouldn’t you like to own a $4,000 suit, and smoke a $75 cigar, drive a $600,000 car? I know I would!”

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