Re: OT: the euro & 01.01.02 (was NATLANG/FONT:)
From: | Roger Mills <romilly@...> |
Date: | Saturday, December 22, 2001, 5:03 |
Nik Taylor wrote:
>Padraic Brown wrote:
>> It makes sense as inflation rises rapidly.
>
>Yeah, but we don't have rapid inflation.
>
>> It doesn't
>> make much sense for us because the dollar has been so strong
>> and stable for so long, and its slide in value has been so
>> slow.
>
>Right, I understand revaluation for other currencies, but it seems silly
>for ours. Especially at a low ratio like 5:1
>
That only takes you back to the 1960s. I remember late 40s, when a loaf of
fresh bread from a bakery cost 12cents, and $1 bought 5 or more gallons of
gas.......
(gas being one of the few things that is cheaper now, in adjusted terms)
Somewhere back in the 80s, when gold was hot, I recall someone saying: In
the 1920s you could get a fine tailor-made suit for a $20 gold piece.
Today, you can get a fine tailor-made suit for a $20 gold piece. (i.e.
equivalent) .
Just before October 1929, my parents had a $600 paper profit from some wheat
speculation, which, had the market not crashed, would have been enough to
buy a new Plymouth.