How about this idea?

Discussion in 'Economics' started by BeatingtheSP500, Oct 1, 2008.

  1. $1 dollar in 1913 has the same purchasing power as $21.60 in 2007.
    Purchasing Power Calculator

    Printing presses are far worse than any war.
     
    #11     Oct 1, 2008
  2. In my view, these two conditions are not alone relevant to become a citizen not only in US but also for rest of the countries.. After getting citizenship, if a person trying to break the rule... what is the use?

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    #12     Oct 2, 2008
  3. It is about wealth. Do you understand that the difference in average salaries and wealth of someone in 1913 and now is CONSIDERABLY more than 21.60x ??? The average person then would be considered poor today.

    If I have $80 and you have $21.60, both in 2008 dollars, how are you better off?

    Why do you stay entranced on a meaningless statistic???
     
    #13     Oct 3, 2008