teacherone
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Cool NASA inflation calculator
- Thread starter teacherone
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Dr.3D
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maybe its because the fed stopped reporting the m3. but maybe that was 2006. just a guess
Fox McCloud
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This one likely tops the government ones, but you have to pay to see it: http://www.shadowstats.com/inflation_calculator?amount1=1&y1=1913&m1=1&y2=2008&m2=7&calc=Find+Out
I'd love to get a subscription, but it's so expensive
I'd love to get a subscription, but it's so expensive
Last edited:
Gideon
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I got me a nickel's worth of purchasing power!
Woohoo! My 2008, $1 FRN has the same purchasing power as a 1913 nickel!
Of course, a real nickel is worth more than $ .05.
Woohoo! My 2008, $1 FRN has the same purchasing power as a 1913 nickel!
Of course, a real nickel is worth more than $ .05.
Dr.3D
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Show us a better one. I would love to have it. But this is the best I can find without paying money.
coyote_sprit
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Conza88
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NinjaPirate
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It's called M3. The FED doesn't report it anymore.
M3 didn't have any information about prices. These calculators are approximating what a dollar could buy now versus then, not the number of them in existence.
Price is influenced by much more than just money supply.
Fox McCloud
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sure it is, but I'd argue that the inflation is the reason for the vast majority of the increase in prices for this current economic environment.
Conza88
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M3's role / purpose is fulfilled without prices. I know what the calculators are doing. And I said; to use them as a true measure of inflation is fail.
@ Bold. Yeah which is why using CPI to measure true inflation is retarded.
They average overall prices to certain sectors of the economy, then from that they get an even more general overall statistic/no. for the inflation. Inaccurate and misinformation if presented as the true inflation figures.
teacherone
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Using CPI to measure inflation is only retarded because the government repeatedly has altered the formula to hide the true costs of their fiscally irresponsible deficit spending.
Nixon separated the CPI from Headline and everyone focused on CPI instead of the headline which is often only reported as a side-note. Then Clinton came in and screwed with the CPI formula "basket" to allow substitutions-- the assumption being that when one product in the basket gets to pricey consumers will switch to a cheaper product---Walla! Inflation no longer a problem!
The CPI to this day uses Clinton's substitution formula which is crap--because of its inconsistency. The basket of goods in constantly changing so it is impossible to track the devaluation of the dollar over time as cheaper goods are substituted for price inflated ones.
Decent article here http://www.newsweek.com/id/150767
Nixon separated the CPI from Headline and everyone focused on CPI instead of the headline which is often only reported as a side-note. Then Clinton came in and screwed with the CPI formula "basket" to allow substitutions-- the assumption being that when one product in the basket gets to pricey consumers will switch to a cheaper product---Walla! Inflation no longer a problem!
The CPI to this day uses Clinton's substitution formula which is crap--because of its inconsistency. The basket of goods in constantly changing so it is impossible to track the devaluation of the dollar over time as cheaper goods are substituted for price inflated ones.
Decent article here http://www.newsweek.com/id/150767
coyote_sprit
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Weird. Heres the new link
http://www.measuringworth.com/uscompare/
I guess they changed the entire site layout overnight... What are the chances?
