JANUARY 2022 • LONGISLANDPRESS.COM 21
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Prices are rising, it seems, from the pump to the supermarket in a kind of financial future shock. (Getty Images)
THE UPSIDE OF INFLATION
WHY INFLATION ISN’T ALL THAT BAD
BY CLAUDE SOLNIK
“Invest in infl ation. It is the only thing going up.” That’s a famous Will Rogers quote
that takes a humorous approach to a not-so-humorous force reaching into Americans’
fi nances. “What’s in your wallet?” Capital One asks. Whatever’s there doesn’t buy as
much today as it did a year ago. Will Rogers aside, there isn’t much that’s funny about
the effect of infl ation. And it is having a very real impact on industry and individuals.
You don’t need to be an economist to know nearly everything is more expensive lately than
it was prepandemic. Prices are rising, it seems, from the pump to the supermarket in a
kind of fi nancial future shock. If an infl ation costume had been for sale this Halloween, it
might have been popular, if a little pricey. Infl ation is the robber that picks your pocket, the
thief that leaves you with less buying power. But in some cases, despite all the diffi culties,
infl ation also can be your friend. There are benefi ts to this bane on buying power.
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