DomKen -> RE: THe Trump makes the Beck Uncomfortable! (4/3/2011 1:00:16 PM)
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ORIGINAL: truckinslave Using the "inflation calculator" on measuringworth.com one can get figures from 27,000,000 to 931,000,000 when trying to determine what 500,000 in 1966 is in todays money. The most common method of figuring the effects of inflation- the CPI- yields 336,000,000. How did you decide the average inflation rate was almost 9%? 45 years of compund interest at just over 9%. i.e. what he would have gotten if he simply put his money in the bank if he could have gotten interest equal to just above the inflation rate. (He likely would have done much better if he did since there was a decade of very high inflation from 75 to 84).
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