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Dick wrote:
> When I bought the house I am in at this time it cost me about a years
salary
> or $15,000.00 .Today this same house appraised for nearly $400,000.00.
My
> point is it would take quite a few years salary to buy it now. I
bought it
> in 1960.
>

Dick,

Aye, that's the problem.  The prices of different things change at
different rates.  Because of that, inflation is not fair to various
people.  It benefits some and heavily penalizes others, depending on
their work and what they most need to buy.

Because of this basic unfairness, we put a lot of effort into
suppressing inflation as much as possible.

The inflation calculators (and my wages-based-inflation numbers) are an
overall approximation but it gives you perspective on the effects of
inflation.

By a simple inflation calculator, building a new Coupe could be done
near $36,000.  IF we already owned a factory making automatic aircraft
building equipment and were able to make 5-20 Coupes a day then maybe we
could do it.  Alas!

Ed Burkhead
http://edburkhead.com/
ed -at- edburkheadQQQ.com   (change -at- and remove the QQQ)

I know you believe you understand what you think I said, but I am not
sure if  you realize that what you heard is not what I meant.  (Jim, AKA
Midnight Plowboy)




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