It’s Black Friday, ‘70s-Style

A mother and daughter shop in a supermarket in the 1970s. (Landre/ClassicStock/Getty Images)
As inflation ticks up, the Grumpy Economist says: don’t buy unless you have to.
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I’d been reading for months about “supply chain” problems, but it all remained a little abstract until I went to a furniture store hoping to buy a new couch. The exhausted salesman didn’t bother getting up. Nothing until June, he told us. This was in early October.
Despite years working at the Wall Street Journal editorial page, in which I edited hundre…
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