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To: plainshame
In 1920, you bought a men's suit of clothes for about $20, or one ounce of gold. Today, a nice men's suit is about $1000. I'm not talking J.C. Penney. So, it's not too devalued from 1920. In fact, over the last five years or so, gas prices (for example) have stayed pretty stable at about $3.00, after jumping up from $1.50 under Bush, where they had remained since early Clinton days. I recall getting gas in the early 90s at about $1.00. Point is, I don't see this "devaluation" that you're talking about.

Computer chips are a tiny fraction of what they were in 1980; energy is about triple (over 30 years, or 1% a year, which is pretty stable). My paycheck buys about the same amount of food that it bought 10 years ago, excluding raises (which have all gone into savings).

53 posted on 12/23/2013 5:11:21 PM PST by LS ('Castles made of sand, fall in the sea . . . eventually.' Hendrix)
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To: LS

You don’t have to see it because the government is hoping you don’t.Food and gas must never have gone up in your area in the past 20 years.Are you in comedy?


59 posted on 12/23/2013 5:53:57 PM PST by plainshame
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