Regular readers at CFP may have stumbled upon one or more of my essays, and maybe lingered long enough to learn two of my lifelong interests are economics and hockey. A recent event caused me to reflect on those interests and put some perspective to the pricing of goods and services. My early introduction to economics came in my pre-teen years when I began to collect stamps. Not for financial gain . . . just for fun. I enjoyed the variety of colors, pictures, emblems, and shapes like any child would. One in my possession was a German stamp circa 1923, not very colorful as I remember it, but interesting in that it was priced at 10 million marks! Looking back on it gives a different meaning to the phrase "going postal"! I knew we could send a letter in Canada for 3 cents and the difference was confusing. A million of anything was incomprehensible to me then. And inflation was something I associated with balloons. Much later in life I would learn that real inflation affects the price of everything. And out of control inflation was something to be feared, kinda like the monster Godzilla.

---

Support Canada Free Press

---