Thursday, November 06, 2008

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. . . . . "


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