"What inflation has done fundamentally is to deepens the insecurities in this country, and this warp the opportunities for positive leadership on other issues... Inflations damages the conservative social values which are essential to the country's future. Stability, savings and investment are all undermined by inflation. Severe inflation makes a mockery of most  families' financial plans. Most working people feel there is no way they can protect their budgets against this kind of assault on the dollar.

It erodes the sense if trust on which an economy and society rest, and it makes people cynical about the chances of attainting any social goal more ambitious than mere survival.  

While it persists, there will hardly be room in our politics for any other major issue."

- Written by David S. Border on October 25, 1978