Originally Posted by
GhostRider62
I responded to the silly post that there has been no inflation in the past 40+ years, proving otherwise. Good for you, many of us got mauled by inflation.
No one claimed that "there has been no inflation in the past 40+ years."
Originally Posted by
GhostRider62
New toyota in 1978 was $4200, gas was 60 cents a gallon, a Columbus SL fully campy bike was $1200, an oz of gold was $200.
40+ years later, just add a zero to all those prices.
I could easily give you three anecdotes to prove the opposite, but that's all rather pointless. The plural of "anecdote" is not "fact."
Originally Posted by
70sSanO
I added a zero to my salary, so what’s the point.
John
Bingo. Median real wage rate is actually
higher than 40 years ago - meaning that the typical person has MORE purchasing power.
Facts are stubborn things: they still exist, even when people refuse to believe them.