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Politics : Politics for Pros- moderated

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To: KLP who wrote (358474)	4/8/2010 10:33:46 PM
From: TimF	Read Replies (1) of 793640

Plus remember the old Montgomery Wards catalogs of Victorian era? A complete dining room set in oak chairs and table was about $7. I think you could buy a whole house in 1913 for about $500. Maybe not, but you can buy some things for less dollars (not less inflation adjusted dollars even less nominal dollars) than in the past. For more recent years computers are an obvious example (and they also have increased a lot in quality), for older years its harder to find examples (since there has been so much inflation that an equal amount of nominal dollars is far less in terms of real dollars) but I think pearls are an example, depending on what year you pick. And then you have to consider the things that where not even available in the past, both the things that have been invented since then, and the things that existed but would be impossibly expensive or otherwise too difficult to obtain, that now we can get easily. What would have have to pay 100 years ago for fresh fruit out of season? If you look at the things they bought then, well a lot of them are more than 20 times as expensive, but a lot of them aren't the things we buy now. They aren't the items that we can produce so much more efficiently, they might even be specialty items today. ---- This doesn't directly relate to inflation adjustments but look at the percentage of our income over time to buy some things for example food mjperry.blogspot.com --- Also see Christmas Shopping for a Laptop: 2000 vs. 2009 mjperry.blogspot.com Christmas Shopping for a VCR/DVD: 1981 vs. 2009 mjperry.blogspot.com Christmas Shopping for a TV: 1958 vs. 2009 mjperry.blogspot.com

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