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(EH Resources)   Find out the value of money in one year compared to another--Goes back to year 1665   ( divider line
    More: Interesting  
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1645 clicks; posted to Main » on 28 Jul 2001 at 10:01 AM (16 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»

7 Comments     (+0 »)
2001-07-28 10:28:23 AM  
I tried to explain this to my parents when I was getting $5 a month allowance.
2001-07-28 11:32:14 AM  
Oh no, Wait until -=Rei=- see this.
Even more stats for the cut'n'paste queen.
(quietcha knucklehead she's sleepin')
2001-07-28 11:37:22 AM  
Wheee, this is cool :D

$20 in 1840 buys $408 worth of wholesome fun!
2001-07-28 01:38:52 PM  
$45703.87 in the year 2001 has the same "purchasing power" as $2,000 in the year 1700. WOW.
2001-07-28 02:12:50 PM  
mmm, inflation...

Think the bank is giving you someone elses money when you get a loan? Nope, they just create that money and give it to you. You pay them (interest) for the service of creating money. They risk nothing, if you default on the loan, they have lost nothing, because the money never existed in the first place.

The amount they loan out is some multiple of what they have on deposit.
2001-07-28 02:59:38 PM  
I wonder how much a dollar's worth of computer power today would cost thirty years ago.
2001-07-28 07:47:53 PM  
Bongman &ltRainman> 'bout a hundred dollars </Rainman>
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