don't you realize that inflation is sticky on the way down? that is why the inflation in prices during the 70's was so high!
Working women caused inflation too. They started to get jobs more and more throughout the 70's which allowed for price increases because now you're dealing with 2 incomes to buy things like cars, houses, and boats.
That assuming it were true, would be temporary, until supply caught up with demand, except for relatively finite things like beach houses, in accessible and desirable places, with the right climate and water temps.
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