"After decades of inflation, many of us, more or less comfortably, have adapted our business and personal lives to the prospect of more inflation."We count on capital gains from inflating house and land values as a substitute for real savings. We assume our competitors will match our aggressive pricing policies, and will also accede to high wage demands. We take comfort in our purchases of precious metals, art, and more exotic 'collectibles' – or envy those who did buy – and are tempted to project essentially speculative price movements into the great beyond."But none of this sense of accommodation to inflation can be a valid excuse for not acting to deal with the disease."