King's Drive Inn was a family favorite when I was a kid. It was located in downtown Kaysville, UT, where I grew up. Their claim to fame was "The Twist": a combo of vanilla ice cream and one other ice cream flavor woven together on a sugar cone. The talk of the town would be, "the twist flavor is raspberry today" or "the twist flavor is chocolate". And the price was always fixed: 10 cents a cone. I remember many a day sitting in the backseat of our old Pontiac stationwagon, enjoying a twist together with the family. The 1970s were also big on inflation, which was the favorite topic my parents always seemed to be discussing. One day while eating twists at Kings, I thought about inflation and asked my dad, "Dad, do you think a twist could ever cost 25 cents if inflation got really bad?" My dad let out an all-knowing chuckle and said, "No son. Inflation is bad and we always worry about those things. But I don't think even a twist could ever get that expensive". Flash forward forty years. King's Drive Inn is no more. But it is safe to say that comparable cones to the twist cost a good 4X the multiple of 25 cents. And what's next? $4.00 for a soft serve cone? Ha-ha, naw I don't think that could ever happen...
LESSON LEARNED: Inflation is a terrible monster that guts many a paycheck and retirement account.
FEEDBACK: WHAT DO YOU REMEMBER ABOUT INFLATION?
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