J
Jim Macklin
I still think that money, measured against a fixed scale,
such as gold or hours worked, or even pounds of cars, has
gotten steadily lower in value.
I think that for most things the ratio is 10-1 since the
1950s and about 1,000 since the 1890s. Except for things
that didn't exist in the day, Bill Gates is poor compared to
the Vanderbilt family.
"Michael Solomon (MS-MVP Windows Shell/User)"
| That was true until the 1990s when the dollar began to
increase in value
| and, Voila, prices went down or stabilized. Interesting
note, one of the
| reasons Saudi Arabia has cited over the years for razing
the price per
| barrel of oil, a reason they cited in the most recent run
up as well was the
| lower value of the dollar. The dollar went into free fall
in 2002.
|
| --
| Michael Solomon MS-MVP
| Windows Shell/User
| Backup is a PC User's Best Friend
| DTS-L.Org: http://www.dts-l.org/
|
in message
| | > BTW, prices have not gone up, the money is just worth
less
| > due to inflation.
| >
| >
| > "Jim Macklin" <p51mustang[threeX12]@xxxhotmail.calm>
wrote
| > in message | > | Think of yourself as a teacher, explain about a total
US
| > | budget of $101 Billion that JFK submitted and caused
an
| > | outrage because it was so high in peace-time. About
| > buying
| > | a new car for $1,400 and filling the tank cost $5...
about
| > | not hearing about the news from around the world for
24-48
| > | hours later. About how amazed we were to see the moon
| > | launches and how every TV network gave 24/7 coverage.
| > Until
| > | Apollo 12. But how they went 24/7 for Apollo 13 only
| > after
| > | it had the accident.
| > | About how Walter Crankcase personally decided that the
US
| > | had lost the war in VN and CBS made sure he was right.
| > |
| > | BTW, Aural sex is the only safe sex.
| > |
| > |
| > | "Michael Solomon (MS-MVP Windows Shell/User)"
| > | | > | | Uh, yeah, well, you see, I have this problem with
regard
| > | to girls who didn't
| > | | live through the 60s, the two Kennedy assassinations
and
| > | Martin Luther King.
| > | | I don't feel as though I have anything in common
with a
| > | girl who didn't live
| > | | through that stuff.
| > | |
| > | | On the other hand, even when I was 17, I tended to
like
| > | more mature women;
| > | | the only difference today....I've caught up with
| > | them!<VBG>
| > | |
| > | | --
| > | | Michael Solomon MS-MVP
| > | | Windows Shell/User
| > | | Backup is a PC User's Best Friend
| > | | DTS-L.Org: http://www.dts-l.org/
| > | |
| > | | "Jim Macklin" <p51mustang[threeX12]@xxxhotmail.calm>
| > wrote
| > | in message
| > | | | > | | > I'm only 58, going on 17...as soon as I am 17
legally
| > I
| > | can
| > | | > date teenager girls again, lots more fun 40 years
ago
| > | before
| > | | > HIV.
| > | | >
| > | | >
| > | | > | > | | > | WOW You guys are OLD!
| > | | > | Did you grow up using an abacus? <jk>
| > | | > |
| > | | > | "Michael Solomon (MS-MVP Windows Shell/User)"
| > | | > | message
| > | | > | | > | > Hey, Jim:
| > | | > | > http://www.vcalc.net/cu.htm
| > | | > | >
| > | | > | > --
| > | | > | > Michael Solomon MS-MVP
| > | | > | > Windows Shell/User
| > | | > | > Backup is a PC User's Best Friend
| > | | > | > DTS-L.Org: http://www.dts-l.org/
| > | | > | >
| > | | > | > "Jim Macklin"
| > <p51mustang[threeX12]@xxxhotmail.calm>
| > | | > wrote in message
| > | | > | > | > | | > | > > slate tablets and wooden slide rules. Ever
seen
| > a
| > | | > Curta
| > | | > | > > calculator?
| > | | > | > >
| > | | > | > >
message
| > | | > | > >
| > | | > | > > | You guys are OLD
| > | | > | > > | LOL
| > | | > | > > | I go back as far as the tape drives and
that's
| > | it.
| > | | > Did any
| > | | > | > > of you grow up
| > | | > | > > | with an abacus? <jk>
| > | | > | > > |
| > | | > | > > | "Ken Blake, MVP"
| > | <[email protected]>
| > | | > wrote
| > | | > | > > in message
| > | | > | > > |
| > | | > | > > | > In
| > | | > | > | | > | > > | > Hemlock <[email protected]> typed:
| > | | > | > > | >
| > | | > | > > | > > I believe it was a
| > | | > | > > | > >
| > | | > | > > | > > IBM RAMAC 305 in 1956
| > | | > | > > | > > It might have been an IBM 650
| > | | > | > > | >
| > | | > | > > | >
| > | | > | > > | > I remember both those names well,
although
| > | they
| > | | > were a
| > | | > | > > little
| > | | > | > > | > before my time. I never worked on
either. I
| > | | > started
| > | | > | > > programming
| > | | > | > > | > an IBM 1401 in 1962.
| > | | > | > > | >
| > | | > | > > | > --
| > | | > | > > | > Ken Blake - Microsoft MVP Windows:
| > Shell/User
| > | | > | > > | > Please reply to the newsgroup
| > | | > | > > | >
| > | | > | > > | >
| > | | > | > > |
| > | | > | > > |
| > | | > | > >
| > | | > | > >
| > | | > | >
| > | | > | >
| > | | > |
| > | | > |
| > | | >
| > | | >
| > | |
| > | |
| > |
| > |
| >
| >
|
|
such as gold or hours worked, or even pounds of cars, has
gotten steadily lower in value.
I think that for most things the ratio is 10-1 since the
1950s and about 1,000 since the 1890s. Except for things
that didn't exist in the day, Bill Gates is poor compared to
the Vanderbilt family.
"Michael Solomon (MS-MVP Windows Shell/User)"
| That was true until the 1990s when the dollar began to
increase in value
| and, Voila, prices went down or stabilized. Interesting
note, one of the
| reasons Saudi Arabia has cited over the years for razing
the price per
| barrel of oil, a reason they cited in the most recent run
up as well was the
| lower value of the dollar. The dollar went into free fall
in 2002.
|
| --
| Michael Solomon MS-MVP
| Windows Shell/User
| Backup is a PC User's Best Friend
| DTS-L.Org: http://www.dts-l.org/
|
in message
| | > BTW, prices have not gone up, the money is just worth
less
| > due to inflation.
| >
| >
| > "Jim Macklin" <p51mustang[threeX12]@xxxhotmail.calm>
wrote
| > in message | > | Think of yourself as a teacher, explain about a total
US
| > | budget of $101 Billion that JFK submitted and caused
an
| > | outrage because it was so high in peace-time. About
| > buying
| > | a new car for $1,400 and filling the tank cost $5...
about
| > | not hearing about the news from around the world for
24-48
| > | hours later. About how amazed we were to see the moon
| > | launches and how every TV network gave 24/7 coverage.
| > Until
| > | Apollo 12. But how they went 24/7 for Apollo 13 only
| > after
| > | it had the accident.
| > | About how Walter Crankcase personally decided that the
US
| > | had lost the war in VN and CBS made sure he was right.
| > |
| > | BTW, Aural sex is the only safe sex.
| > |
| > |
| > | "Michael Solomon (MS-MVP Windows Shell/User)"
| > | | > | | Uh, yeah, well, you see, I have this problem with
regard
| > | to girls who didn't
| > | | live through the 60s, the two Kennedy assassinations
and
| > | Martin Luther King.
| > | | I don't feel as though I have anything in common
with a
| > | girl who didn't live
| > | | through that stuff.
| > | |
| > | | On the other hand, even when I was 17, I tended to
like
| > | more mature women;
| > | | the only difference today....I've caught up with
| > | them!<VBG>
| > | |
| > | | --
| > | | Michael Solomon MS-MVP
| > | | Windows Shell/User
| > | | Backup is a PC User's Best Friend
| > | | DTS-L.Org: http://www.dts-l.org/
| > | |
| > | | "Jim Macklin" <p51mustang[threeX12]@xxxhotmail.calm>
| > wrote
| > | in message
| > | | | > | | > I'm only 58, going on 17...as soon as I am 17
legally
| > I
| > | can
| > | | > date teenager girls again, lots more fun 40 years
ago
| > | before
| > | | > HIV.
| > | | >
| > | | >
| > | | > | > | | > | WOW You guys are OLD!
| > | | > | Did you grow up using an abacus? <jk>
| > | | > |
| > | | > | "Michael Solomon (MS-MVP Windows Shell/User)"
| > | | > | message
| > | | > | | > | > Hey, Jim:
| > | | > | > http://www.vcalc.net/cu.htm
| > | | > | >
| > | | > | > --
| > | | > | > Michael Solomon MS-MVP
| > | | > | > Windows Shell/User
| > | | > | > Backup is a PC User's Best Friend
| > | | > | > DTS-L.Org: http://www.dts-l.org/
| > | | > | >
| > | | > | > "Jim Macklin"
| > <p51mustang[threeX12]@xxxhotmail.calm>
| > | | > wrote in message
| > | | > | > | > | | > | > > slate tablets and wooden slide rules. Ever
seen
| > a
| > | | > Curta
| > | | > | > > calculator?
| > | | > | > >
| > | | > | > >
message
| > | | > | > >
| > | | > | > > | You guys are OLD
| > | | > | > > | LOL
| > | | > | > > | I go back as far as the tape drives and
that's
| > | it.
| > | | > Did any
| > | | > | > > of you grow up
| > | | > | > > | with an abacus? <jk>
| > | | > | > > |
| > | | > | > > | "Ken Blake, MVP"
| > | <[email protected]>
| > | | > wrote
| > | | > | > > in message
| > | | > | > > |
| > | | > | > > | > In
| > | | > | > | | > | > > | > Hemlock <[email protected]> typed:
| > | | > | > > | >
| > | | > | > > | > > I believe it was a
| > | | > | > > | > >
| > | | > | > > | > > IBM RAMAC 305 in 1956
| > | | > | > > | > > It might have been an IBM 650
| > | | > | > > | >
| > | | > | > > | >
| > | | > | > > | > I remember both those names well,
although
| > | they
| > | | > were a
| > | | > | > > little
| > | | > | > > | > before my time. I never worked on
either. I
| > | | > started
| > | | > | > > programming
| > | | > | > > | > an IBM 1401 in 1962.
| > | | > | > > | >
| > | | > | > > | > --
| > | | > | > > | > Ken Blake - Microsoft MVP Windows:
| > Shell/User
| > | | > | > > | > Please reply to the newsgroup
| > | | > | > > | >
| > | | > | > > | >
| > | | > | > > |
| > | | > | > > |
| > | | > | > >
| > | | > | > >
| > | | > | >
| > | | > | >
| > | | > |
| > | | > |
| > | | >
| > | | >
| > | |
| > | |
| > |
| > |
| >
| >
|
|