[Milsurplus] Fair Radio Sales - Inflation

[J Forster]

The Federal Government just LOVES inflation. They profit from it, by paying off debts in devalued money and charging for the fictional "Capital Gain" on things that have just held their value, in constant dollars.

It's legalized fraud.

Best,
-John

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Mike Morrow wrote:

> The same effects apply, say, to the latest "sky is falling" BS about gasoline prices.  In May 1981, in the southeast US a gallon of unleaded regular peaked at $1.41.  Adjust for inflation and you get an equivalent price in today's dollars of $3.39.  Today, I filled my tank at $3.88 per gallon, all of 14 percent higher than the price 27 years ago.  The sky wasn't falling in 1981, and it's not in 2008 either.
>
> Next time anyone is drooling at old prices, he should do some then/now comparisons using this Bureau of Labor Statistics calculator ("the government cooks the books" nuts need not bother):
>
> http://data.bls.gov/cgi-bin/cpicalc.pl
>
> One isn't living in the real world if one ignores the time value of money.
>
> Mike / KK5F