$0.28 was close to 3 x silver dimes, or about $4.80 today. In other words, our "money" has lost ~94% of its purchasing power. Everybody hates 'the gold standard', but it existed for a reason. -tim
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3 comments:
I remember those prices and they considered that expensive.
$0.28 was close to 3 x silver dimes, or about $4.80 today.
In other words, our "money" has lost ~94% of its purchasing power.
Everybody hates 'the gold standard', but it existed for a reason.
-tim
We'll see those prices again, but it will be dollars per gallon, not cents
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