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Non-Tech : Deflation -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (196)	11/23/2002 7:45:19 PM
From: KyrosL	Read Replies (1) \| Respond to of 621

Maurice, what really surprises me is that a prominent economist like ahahahahah would forget to inflation-adjust his numbers. My handy dandy inflation calculator westegg.com tells me that $23 in 1986 was only worth $14 1979 dollars, so the drop from $40 in 1979 to $23 at the beginning of 1986 was actually a drop of 65% in real dollars. The $9.25 that oil reached in mid-1986 was only one seventh of its 1979 inflation adjusted price. In the early eighties we had lots of inflation, so the fall in oil prices in REAL dollars was also pretty spectacular. Reagan was truly a lucky guy. Kyros