No. of Recommendations: 2
"Americans are paying a smaller and smaller fraction of the cost as time passes"
Well, their application is a level of increase in price, so once adjusted to them, while their effect is highly inflationary on an initial basis, once the relative drop in your asset value takes place, they should no longer have additional inflationary characteristics. Of course the damage has already taken place (the area under the curve has already increased) and your buying power, in the US (except in real estate, I guess), has diminished.
Jeff
