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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.