Value of Old Money
Current Value of Old Money: "Changes in the Value of Money over time
Historical Background
A frequent question is 'how much would a specified amount of money at a certain period of time be worth today?' The sources listed below are useful in attempting to answer this question.
Comparisons of purchasing power are only reliable over short periods. A typical computer in 2006 is a very different machine from its counterpart of 5 years ago. Indices of inflation fail to take proper account of improvements in quality.
Even in the essentials of life there are significant changes over the years. A typical diet in most advanced countries will be rather different today from what it would have been before the refrigerator became a common household item. . . . . "
Historical Background
A frequent question is 'how much would a specified amount of money at a certain period of time be worth today?' The sources listed below are useful in attempting to answer this question.
Comparisons of purchasing power are only reliable over short periods. A typical computer in 2006 is a very different machine from its counterpart of 5 years ago. Indices of inflation fail to take proper account of improvements in quality.
Even in the essentials of life there are significant changes over the years. A typical diet in most advanced countries will be rather different today from what it would have been before the refrigerator became a common household item. . . . . "
posted by Hugh W at 12:59 am
0 Comments:
Post a Comment
<< Home