[JumpCrisscross]

Sorry, didn’t mean to convey that. Just perhaps mild frustration.

I don’t believe you meant to speak inaccurately. But the chart clearly misquotes its source data. That was pointed out and yet we couldn’t get past it across multiple threads.

I pulled the source data and recompiled the true rates; they partly support your hypothesis (but not the chart’s). There was inflation before the Fed but, if those data are to be believed, very little of it was secular. The balance of inter- versus intragenerational stability (and how that may have changed with industrialization and computers) is a genuinely interesting question, and not one I’d have stumbled across in this context were it not for you.