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A Modest Suggestion

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Everyone knows that the cost of living has risen significantly in the past seventy-five years; recently, at rates now not seen since the Eighties. The salary for which I began at The Boston Globe, $28,500, doesn’t go as far today as it did in 1978. To understand a little better why this has is happening, try this simple trick:  think of rising prices as a matter of the depreciation of the dollar against the prices of goods and services, instead of “inflation.”  That won’t make the experience any less disorienting than calling it by the headline term, but it will give