Archived posting to the Leica Users Group, 2012/10/15
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]Here in the UK from 1972 to now the loss of value of the ? is at least 20x, for a house more like 30 to 40x. IMHO inflation is a big problem, little addressed by governments or banks, since it suits their business plan, but a catastrophe for the rest of us who have saved for retirement. Having a situation where currency is worth less and less is truly absurd since money was invented as an exchange token to offset bartering time differences. It is nowadays treated like a commodity worth having in itself, and manipulated by greedy ruthless b*stards. FD On 14 Oct, 2012, at 23:36, Howard Ritter <hlritter at bex.net> wrote: > Sorry, that should have been "conversion factor is close to _15 or 20_", > meaning the number of dollars required to buy a given German commodity in > 2012 that cost $1 in 1966. > > ?howard