Expressing a dramatic viewpoint, Ronald Reagan, the actor and 40th President, said of inflation . . . "It's as violent as a mugger, as frightening as an armed robber and as deadly as a hit man."

Calvin "Silent Cal" Coolidge, the tight-lipped 30th President, made his disdain more specific. He called inflation a "repudiation of debt." The monetary economist and Nobel Laureate, Milton Friedman, suggested it is "taxation without legislation."

Inflation of Certain Products Has Jacked Up COLA Adjustments

For average Americans, as for most citizens of industrialized nations of the world, inflation is a vague general and progressive increase in prices, in which everything gets more expensive and valuable, except money.

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