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To: TruthConquers
Inflation? Not so much. I first started buying gas in the late 60s.
But 1970 was supposed to be the ‘best’ year for wages vs cost of living vs all the other stuff. Gas was $0.25/gal.

What cost $0.25 in 1970 would cost $1.37 in 2009.

You could also compare the cost of bread, the minimum wage or other items on a current year to a historical price.

In the end, you realize - we are soooooo screwed, so why bother - there is nothing you can do but watch.

16 posted on 01/06/2011 8:34:03 AM PST by ASOC (What are you doing now that Mexico has become OUR Chechnya?)
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To: ASOC
What cost $0.25 in 1970 would cost $1.37 in 2009.

Published inflation. A 1964 quarter, contains $5.00 in metal. To me, that is actual (measured) inflation.

And yes, we are sooo screwed.

17 posted on 01/06/2011 8:37:31 AM PST by NeoCaveman (Touch my tagline and I'll have you arrested)
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To: ASOC

No, it is not necessarily inflation.

It is the ever expanding cost of MONEY, the cost of using money backed by debt. Watch the video when you have the time. It is entertaining, and covers a lot of basics.


18 posted on 01/06/2011 8:57:25 AM PST by TruthConquers (Delendae sunt publicae scholae)
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