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Memories of the 28th Century

Miscellaneous thoughts about miscellaneous matters

  1. How Much" Eliminating Inflation

    by , 10-29-2021 at 10:11 AM (Memories of the 28th Century)
    I don't often think about inflation, but it is present whenever I buy anything, and it is not as benign as some would have us think. There are many measures of inflation, but I like to use a few things to show the change in proportion. You may not remember it, but in 1820 an ounce of gold was worth $20. That same ounce of gold would have sold for $35 in the 1960'a. But that isn't comparable, because the market for gold was highly regulated.

    Another comparison is in the cost of labor ...