Where is my HD radio?

[Woochifer]

What a lot forget about in figuring inflation is the increase in productivity.
Some things are cheaper, but thats the point, they ARE CHEAPER.
More cheaply made usually.
And market chicanery also plays a role.
THE PRICE OF OIL WAS PEGGED TO THE DOLLAR FOREVER, NOW THATS NO LONGER THE CASE, and we pay a more realistic price as a result.

All this ranting, and you still can't come up with a source that supports your assertion that the dollar has lost 80% since 1988! Good luck trying to find them $2 candy bars, $15 gallons of milk, and $8 Big Macs!

I PAID 9 GRAND FOR A MUSTANG IN 1988, it would cost you over 20 grand today with the same options.

Let's see ...

20k/9k = 2.22

If the dollar lost 80% of its value since 1988 as you claim, then a Mustang should actually cost $45k. Maybe it would help you if you could actually come up with an example that supports YOUR conclusion rather than MINE! Or better yet, learn how to use a calculator before posting more nonsense like this...

WONKS like "wooch" admit that the inflation rate is aroung 3 to 4 % a year. Then they turn around and DENY that 4% a year over 20 years is EIGHTY PERCENT,

I see that you're now back to lying, now that your stupidity has been exposed yet again. Must suck for you to be such an easy target for anyone with at least a junior high school diploma!

Where did I ever deny that the annual inflation rate was around 3 to 4%? That's a low inflation rate compared to the double digit rates from the late-70s. The difference between our numbers is that I know how to correctly compound a growth rate over 20 years, YOU DON'T! And like I said, a 4% inflation rate would give you a 1988 dollar equivalency of $0.44, which is losing just over half of its value, not 80%. Only if the inflation rate goes over 7.7% would the dollar lose 80% of its value in 20 years as you keep desperately claiming.

Of course I'll deny your laughably idiotic 4% x 20 years = 80% calculation because applied to a 20-year annualized change rate, your calculation is flatout WRONG! Anyone passing a high school exit test would know that an annual rate of change has to be compounded annually (i.e., the correct formula for an annual change rate is $1 x (1+(-4.0%))^20 years). Are you saying that a dollar attains a negative value starting in year 26? Just because you finally mastered a 4th grade multiplication table doesn't mean that you know squat about calculating change rates over time.

which is simple math.

Too bad simple math remains an oh so elusive concept for you!

Someone out there would love to be your creditor. With deficient math skills like these, you'd get fleeced to no end!

But you think that is something? We are rediculously deep in debt, and the printing of funny money to pay it has commenced, no amount of productivity will keep up with
that
In other words, GET READY FOR THE BIG ONE BABY

Right, we're all doomed Mr. Sunshine!