From 1879 to 1914, as America’s industrial revolution was booming, inflation was basically zero! — IN THE NEWS: Inflation Reached 7.9% Besides Russia’s war with Ukraine… there is another development that’s dominating our news — inflation, which reached 7.9% in February. (see WSJ, 3/10/22). In his State of the Union Address, President Biden said this: “I think I have a better idea to fight inflation: Lower your costs, not your wages.”…