Haters: you're missing my point, which is (a) this applies to some industries, not all; and (b) this applies to supply-driven inflationary periods and/or periods of excessive aggregate debt (public, commercial and personal). As someone who remembers 1979/80 talking to a bunch of people who may not have been born then --- we're in for a shit storm that only productivity & hard work will fix... unless USGOV finds more way to kick the can down the road.