Re: Now it's $4 per gallon......of milk
- From: Robert Sturgeon <rsturge@xxxxxxxxxxx>
- Date: Sat, 02 Jun 2007 07:55:41 -0700
On Fri, 01 Jun 2007 20:11:07 -0700, "editor@xxxxxxxxxxx"
<editor@xxxxxxxxxxx> wrote:
The dollar is worth-less; that's all this reflects. That's been going
on for 30+ years now in America; in 1977 or 1978, Ford really did
advertise full-size Fords with automatic transmission, power brakes,
power steering, and V-8 engine for well under $5,000 - less than a
quarter of what their modern version, the Crown Victoria, now runs.
And how much less of the mortgage payment on a three-bedroom house
does the dollar now buy than it did then - on the same house.
About that car... I have a 2004 Mercury Grand Marquis. It
is a MUCH better car than anything any U.S. auto company was
building in 1977 or 8. But they cost over $30,000 new, so
I'd say the true cost inflation figure for cars is about
triple in 30 years, about 3.75% per year. Of course that
depends on just how much better the cars are now.
--
Robert Sturgeon
Alcohol, Tobacco & Firearms should be a convenience store, not a government agency.
http://www.vistech.net/users/rsturge/
.
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