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Looks like real inflation from 2018 to 2024 was 25% over that time frame, so I think that was the collapse.

I don't think we are going to see things get worse from now, maybe they will even stabilize. But generally, we just went through a massive inflationary period that will be felt for a while.

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25% in six years is a collapse? 4% a year?

Easy to see you weren't around in 1979. That looked like things could collapse into a runaway inflation.

Look, we still could mess this up and wind up there. But 4% a year for six years isn't evidence that we're there.

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