Comment by throw0101a

4 days ago

> I wouldn't call it "some inflation". The living standard of the western middle class has been on the decline for a long, long time.

IMHO the main problem nowadays, especially facing young people, is housing.

Otherwise there is probably never been a greater time to be alive, generally speaking, than right now. If you believe there is, can you outline the year(s) in question and how they were better?

As for inflation, using Bank of Canada numbers (since I'm in CA), $100 of goods/services from 1975-2000 increased by 220% to $320.93, while $100 of goods/services from 2000-2025 increased by 71% to $171.22.

In a 2014 article, CPI from 1914 to 2014:

* https://www150.statcan.gc.ca/n1/pub/62-604-x/62-604-x2015001...

From 1955 to 2021:

* https://economics.td.com/ca-inflation-new-vintage

1971-76 and 1977-83 had double the CPI of ~2021.

While unpleasant, and higher than that of what many young(er) people have experienced, it is hardly at a crazy level. The lack of people's experience of higher rates is simply more evidence as to how stable things have generally been:

* https://en.wikipedia.org/wiki/Great_Moderation

Tom Nichols argues that it is boredeom that's the problem: people want some excitement and are willing to stir the pot to get it: