Bernanke delivers blunt warning on U.S. debt

Discussion in 'Economics' started by WallStWhizKid, Feb 26, 2010.

  1. A wealthy person once told me the cost of living doubles every 10 years. If you take that $25,000 house from 40 years ago and double it 4 times as in four decades, what do you get? $400,000! Almost an exaxt science isn't it?
     
    #41     Mar 3, 2010
  2. That comes to 7% annual inflation! Guess the Fed numbers are wrong...
     
    #42     Mar 3, 2010