11 Feb
2010
11 Feb
'10
10:53 a.m.
This is a good point. I was comparing dollars in early
80's dollar amounts
for the difference between the IBM and DEC offerings.
There's significant
different in the number, .
________________________________
From: Richard <legalize at xmission.com>
<snip>
$5,000 in 1985 is the equivalent of $9876.79 in
2008.[*]
I know we all realize that inflation is eating away at
the value of
currency, but it really has picked up quite a bit in
the last decade
such that even 1985 currency is quite different from
today.
Last time I checked we are deflating, not inflating!
$5,000.00 in 2008 has the same buying power as $$4,982.21 in 2009
BTW, $5,000.00 in 1985 has the same buying power as $9,969.19 in 2009
per http://data.bls.gov/cgi-bin/cpicalc.pl
if u trust yr government statistics :-)
Tom
11 Feb
11 Feb
4:38 p.m.
In article <A9538D605AC343F58AE5B2C78DDDD8DB at tegp4>,
"Tom Gardner" <thomas.gardner at sbcglobal.net> writes:
Last time I checked we are deflating, not inflating!
Inflating the money supply devalues the currency.
Two ways of looking at the same problem.
What you describe is the effect of what is typically called "inflation".
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