Quote:
Originally Posted by Arkie
Percentages alone are misleading. 1% today is bigger than 8% when spending started increasing. Look at the graph and you can visualize it.
|
You really have to compare % of GDP, not a $ amount for obvious reasons.
For instance, $1 in 1940, is worth $16.43 today.
http://www.dollartimes.com/calculators/inflation.htm