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1 posted on 11/21/2011 9:43:21 PM PST by NaturalBornConservative
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To: NaturalBornConservative
Time Trax - In the year 2193, over a hundred criminals became fugitives of law enforcement by travelling back in time two hundred years, using a time machine called Trax...
2 posted on 11/21/2011 9:46:19 PM PST by NaturalBornConservative (The Author)
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To: NaturalBornConservative
It is notable that what cost $1.00 in 1976, now costs $3.95, and what costs $1.00 today, cost only $0.25 in 1976, as annual inflation over the period averaged 4.00%.

Why start the inflation comparisons so late? The really killer inflation started earlier - in the early 70s.

I put more blame on Johnson than Nixon - the latter just bowed to the inevitable. Consider that until 1965 the dollar coin had something like 0.77 troy oz. silver.

Just on raw silver value alone, that would make a 1964 dollar worth about $24.

How's that for currency devaluation?

3 posted on 11/21/2011 9:59:16 PM PST by jtal (Runnin' a World in Need with White Folks' Greed - since 1492)
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