Word: widget
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Dates: during 1970-1979
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...inflation costs more than it is worth. For the homeowner, a rise in the value of his house is purely theoretical profit until he sells, but the land spiral meanwhile helps raise the price of almost everything that he must buy. Packing plants, bakeries, supermarkets, movie theaters, filling stations, widget makers -all pass on to their customers the rising prices-and taxes-that their owners must pay for the land on which they set up shop...