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Restoring the dollar’s buying power to 50 years ago means reversing decades of inflation. In the 1970s, essentials like bread, rent, and utilities cost far less because wages, production costs, and money supply were different.
Restoring the dollar’s buying power to 50 years ago means reversing decades of inflation. In the 1970s, essentials like bread, rent, and utilities cost far less because wages, production costs, and money supply were different.
Achieving this today would require slowing inflation, boosting productivity, strengthening the dollar, and using advanced technology to cut housing, food, and energy costs.
Policy tools like price controls or subsidies could help, but risk shortages and economic disruption. Without massive coordinated changes in technology, policy, and trade, returning to 1970s prices is nearly impossible—though targeted measures could make essentials more affordable for households.
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