Your recent editorial (TNT, 7-20)on the gas tax may have left people with the idea that inflation is a constant thing we have to accept. Pardon me for suggesting otherwise, but historically the dollar has suffered from inflation during times of war and after the war regained its previous value.
The Federal Reserve Bank of Minneapolis has some good information on this history that is worth viewing.
If its figures are accurate, the dollar in 1943 had about the same value as it did in 1801. It has only been since the end of World War II that the …