Ah yes Jpete I somehow knew it wouldn't take long to get to that lovely year of by gone prices, I think your off a bit on some of those prices but it makes little difference. Seeing that you have a reading comp. problem I'll just ask you what you would be earning back in 1913, a lot of things are relevant, I wonder what a heating, cooling ventilation tech was earning back then, there again there probably wasn't much need for them. I would bet that prices were even much cheaper back in the 1800s & those people were probably complaining about their money not buying what it used to & that's even backed by "GOLD". All things that glitter are not gold.
I ran across this from a Libertarian no doubt.http://www.naturalnews.com/026108_free_ ... umers.html
If that's what libertarian means to you, then maybe I need a new dictionary.
Consumers are not rational!
The author needs to read "Human Action" by Ludwig Von Mises. Everyone, always makes rational choices based on the information they have and the qualities they value.
Most people don't think it's rational to store, shovel and dispose of coal ash but I think we here do. What's rational to you isn't to me. But what seems most rational to ME by definition is rational.
Would it mean anything to you if Goldman Sachs disagreed with you?http://bastiat.mises.org/2014/06/ecuado ... man-sachs/
While gold seems to mostly flow from west to east these days, some of it apparently still flows south to north, according to Bloomberg. And it flows directly from Ecuador’s central bank into the coffers of Goldman Sachs.