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Re: Price Inflation

By: Decomposed in POPE IV | Recommend this post (4)
Thu, 16 Mar 17 11:46 PM | 59 view(s)
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Msg. 22750 of 47202
(This msg. is a reply to 22736 by nacl01)
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nacl:

re: "If I didn't know better I would say that the US dollar has lost 96% of its value since then."

It's much worse than that.
Not only has the price of a $4 jacket gone up to $100 (as you noted), but we have also been robbed of all the productivity improvements that SHOULD have driven the price down. So that jacket shouldn't be costing $100 today. It should be costing something more like 50Â¢.
If I've done my math right, that would mean that 99.5 percent of the dollar's worth has been eaten up by the government.
Yes, wages are higher than they were in 1913, but they aren't ONE HUNDRED AND NINETY NINE TIMES higher, which is what it would take to offset the harm that's been done.

Thank you Federal Reserve.

Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months

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The above is a reply to the following message:

Re: Price Inflation By: nacl01 in POPE IV Thu, 16 Mar 17 10:41 PM	Msg. 22736 of 47202
Nice chart! In 1913 the price level was at 4. If I didn't know better I would say that the US dollar has lost 96% of its value since then. nacl

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