aldo98229
Well-Known Member
- First Name
- Aldo
- Joined
- Nov 16, 2019
- Threads
- 86
- Messages
- 11,021
- Reaction score
- 27,692
- Location
- Bellingham, WA
- Vehicle(s)
- 2023 Jeep Gladiator, 2018 Fiat 124 Spider
- Occupation
- Market Research
- Vehicle Showcase
- 3
Yes, there has been lots of inflation over the last 50 years. In fact, most of it took place during the Carter and Reagan administrations.
But c’mon, comparing the price of a 2021 JL to a 1980 CJ is absurd. CJ didn’t have 300HP, 4 doors, 32-inch tires, electronic fuel injection, coil springs all around, airbags, satellite radio, shift-on-the-fly 4WD, aluminum wheels, disc brakes, power locks, windows or mirrors, etc., etc., etc.
Yes, the Fed has had a relaxed monetary policy. It’s been going on for decades now, under administrations from both sides. Most recently has been in response to COVID and all of that.
Thing is we, collectively, have become addicted to cheap money. CEOs, politicians and the media all start screaming the second the Fed signals an increase in interest rates. Wall Street freaks out, markets take a dive, our 401ks take a hit, our home values cool off, then individuals and the media freak out and everyone starts pointing fingers. Pressure then builds on the Fed to keep interest rates low so that we can keep this party going.
For all the ongoing blabber about fiscal and monetary restraint, no one is seriously willing to make sacrifices.
But c’mon, comparing the price of a 2021 JL to a 1980 CJ is absurd. CJ didn’t have 300HP, 4 doors, 32-inch tires, electronic fuel injection, coil springs all around, airbags, satellite radio, shift-on-the-fly 4WD, aluminum wheels, disc brakes, power locks, windows or mirrors, etc., etc., etc.
Yes, the Fed has had a relaxed monetary policy. It’s been going on for decades now, under administrations from both sides. Most recently has been in response to COVID and all of that.
Thing is we, collectively, have become addicted to cheap money. CEOs, politicians and the media all start screaming the second the Fed signals an increase in interest rates. Wall Street freaks out, markets take a dive, our 401ks take a hit, our home values cool off, then individuals and the media freak out and everyone starts pointing fingers. Pressure then builds on the Fed to keep interest rates low so that we can keep this party going.
For all the ongoing blabber about fiscal and monetary restraint, no one is seriously willing to make sacrifices.
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