[ARC5] Prices in "ye goode olde dayes"

[J. Forster]

I assume you people are using the "official" inflation calculator, based
on the CPI.

IMO, that index vastly undercalculates the true rate of inflation. The
'basket of goods' does not reflect reality.

The true rate of inflation, and the corresponding devaluation of US money,
is used to hide massive government overspending by irresponsible
politicians. It is a very cruel, well hidden, tax on those who work and
save.

YMMV,

-John

====================



> On 7 Mar 2013 at 6:54, Glen Zook wrote:
>
>> A little high for the DX-35.  The price in 1957 was $56.95
>
> Ah! Yes. You're correct. I EARNED about $85.00 during that summer. I must
> have used the remainder for the AR-3.
>
>> which
>> equates to $458.01 today.  However, that was still a LOT of money for
>> such a simple transmitter!   Glen, K9STH
>
> Yes. And I used that transmitter, through two original power transformers,
> for
> many years afterwards.
>
> Ken W7EKB
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