| 84. "The high prices and inflation in France are a disgrace." Inflation is more than a disgrace - it is a tragedy. The French are hit by it much harder than we are. The basic reason for inflation, for very high prices, is the great shortage of food and goods and things which people need and have the money to buy. When there is not enough of anything (except money), prices go up. When there is too much, prices go down; when supply and demand operate in a healthy, normal fashion, prices are reasonable. Inflation in France will end when there are enough goods for all the people who want to buy them. As long as there are severe shortages, prices will be high. |
