Can you imagine how good life would be if this was the cost of living with your currently salary?
- Thread starter Elim Garak
- Start date
Mr Bubbles
Superstar
Those aren't black prices 
The money system is flawed. Inflation reveals the flaw.
Conceptually, the money in a given system is equivalent to the value of the resources in the system.
If the US has $50:11kabillion worth of dollars out there, that represents that amount of overall assets that she has.
Does the amount of physical assets in the country increase by a factor of 1000 between the $3k house in 1967 and the $300k house in 2024?
Or a little more specific: is the $300k house now 1000x better than the $3k house in '67?
Fukc no. In ways, an old, well built house can be better than a new one over time.
Inflation is a characteristic of a flawed money system. The system works well enough to keep us all living at an unimaginably high level, but it does not perfectly reflect actual wealth.
Such that: you can't compare prices without adjusting for inflation.
That said: the standard of living is dropping for the US. Rapidly. One dude with one job could support a whole family once. Now it takes at least two, and coming up prolly four adults to support a household.
Conceptually, the money in a given system is equivalent to the value of the resources in the system.
If the US has $50:11kabillion worth of dollars out there, that represents that amount of overall assets that she has.
Does the amount of physical assets in the country increase by a factor of 1000 between the $3k house in 1967 and the $300k house in 2024?
Or a little more specific: is the $300k house now 1000x better than the $3k house in '67?
Fukc no. In ways, an old, well built house can be better than a new one over time.
Inflation is a characteristic of a flawed money system. The system works well enough to keep us all living at an unimaginably high level, but it does not perfectly reflect actual wealth.
Such that: you can't compare prices without adjusting for inflation.
That said: the standard of living is dropping for the US. Rapidly. One dude with one job could support a whole family once. Now it takes at least two, and coming up prolly four adults to support a household.
Fill Collins
I like the one that says shum pulp
Yeah but the year was 1967
SupaDupaFresh
Superstar
Adjust for inflation?
Kids putting the $ all willy nilly drives me nuts.
Ezekiel 25:17
Veteran
$28,000 according to this calculator
Inflation Calculator | Find US Dollar's Value From 1913-2024
Easily calculate how the buying power of the U.S. dollar has changed from 1913 to 2024. Get inflation rates and U.S. inflation news.
www.usinflationcalculator.com
Edit: They didn't buy the houses. One bought a car for $3000
Ezekiel 25:17
Veteran
Yeah something is off about that tiktok video maybe because I didn't watch the entire thing
If you look at the average cost of a home in 1967, you get $22k
If you look at the average cost of a home in 1967, you get $22k
Elim Garak
Veteran
Complete bullshyt.Trump and Joe ruined a stable economy for atleast a generation or two by putting trillions of dollars into circulation out of thin air. It is what it is
28 K could stil buy the same stuff$28,000 according to this calculator
Inflation Calculator | Find US Dollar's Value From 1913-2024
Easily calculate how the buying power of the U.S. dollar has changed from 1913 to 2024. Get inflation rates and U.S. inflation news.
Edit: They didn't buy the houses. One bought a car for $3000
But it would be a different car
Ezekiel 25:17
Veteran
god shamgod
Veteran
Give me those 90’s prices & I’m good
Gas was 90 cents to a dollar a gallon
Big Mac meal was 3.25 , how much shyt costs today is insane
Gas was 90 cents to a dollar a gallon
Big Mac meal was 3.25 , how much shyt costs today is insane
UncleTomFord15
Veteran
it's only going to get harder from here
the cac mamba
Veteran
the interest rates say that it's not complete bullshyt
