Re: Now it's $4 per gallon......of milk

Robert Sturgeon wrote:
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.


A factor is that American cars manufactured between 1973
and 1980 were the lowest quality due to foreign imports and
union influence.

Your '53 ('54?) Mercury on the other hand was good quality.


--
Robert Sturgeon
Alcohol, Tobacco & Firearms should be a convenience store, not a government agency.
http://www.vistech.net/users/rsturge/

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