[ARC5] ARC-5 costs and everything

[hwhall at compuserve.com]

In making comparisons like these one has to beware of accidentally 
comparing apples and oranges. A "car" from the 1940s or 1950s is far 
 from the same article as a "car" today, for example. They do the same 
basic job but there are big differences in the technology, reliability, 
longevity, comfort and so on. I would guess that almost all 
technological products present similar difficulties in comparison. 
Perhaps very basic things like simple foods (e.g., the commonly cited 
loaf of bread) or fruits or vegetables are better comparison items, but 
even then there are hidden improvements in harvesting, preparation, 
delivery, preservatives and so on. Gold is also an uncertain measure 
because its value is driven strongly by speculation.

Interesting stuff to think about, though!

73 all,
Wayne
WB4OGM

-----Original Message-----
From: Kenneth G. Gordon <kgordon2006 at verizon.net>
To: arc5 at mailman.qth.net
Sent: Thu, Feb 18, 2010 8:31 pm
Subject: [ARC5] ARC-5 costs and everything


Go to:

http://www.westegg.com/inflation/

and take a close look at the various values.

The value of our dollar stayed pretty much the same from 1780 through
1913...then started its precipitous slide to its present value.

For instance, if you take the value of anything from about 1880, to get 
the
present "value" in dollars, multiply the 1880 value by 26, more or less.

Things have not gotten more expensive: our dollar has become worth
less....or worthless, if you would rather.

For instance, you could walk into a car dealership in 1930 and plunk 
down 20
ea $20.00 gold pieces for a new Ford or Chevy. That's $400 then.

You can take those same $20.00 gold pieces (assuming the car dealer 
would
know what to do with them), and plunk them down for a new $18 to $20K 
car,
the "value" of an ounce of gold presently hovering around $1K/ounce.

I say it is disgusting.

Ken Gordon W7EKB
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