[ProtectOurFreedom]

Of course it is. Fun to make today dollar comparisons to yesteryear dollars, though.

But notice that today’s car is 50% costlier in constant dollars. Most all of that increase is due to government regulation. Of course, that HAS made cars a LOT safer and cleaner, no doubt about that.

[jjotto]

Denominate those car prices in ounces of gold or silver.

[zeugma]

But notice that today’s car is 50% costlier in constant dollars. Most all of that increase is due to government regulation. Of course, that HAS made cars a LOT safer and cleaner, no doubt about that.

"constant dollars" is a myth IMO. Government inflation statistics have been a joke for decades. The Federal Reserve Bank of Dallas published an article about the effect of inflation on people's income several years ago in their annual report. It was largely a joke. They tried to compare costs on an 'average' hours value of work. i.e., it took the average joe X hours of labor to afford Y, going back to the turn of the 20th century. One glaring ommision in the entire article is that not a single word was uttered about the impact of taxes (cumulative of all sources) and tax rates upon purchasing power. Made the entire article not worth the paper it was printed on.