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A dollar in 1981 was was worth $1.34 in 1988. So that's a 34% increase. Of course, the GDP grew by 62% - more than inflation. Hey, the pie DID grow!

Inflation counts for some of that. It's important to know what baseline dollar value is.

Also, property values in CA rose faster than other areas in the country.

Perhaps it's just one of those inflation controversies?

That would be $62,284.35 in 2015 dollars.

29-cent gas in 1967 may sound like a dream but those 29 cents (according to inverse finance law) is $2.05 today.

http://www.dollartimes.com/inf...

I REST THIS CASE!

More citations for the inflation from the top hits on Google.

http://www.westegg.com/inflation/infl.cgi
http://www.usinflationcalculator.com/
http://www.dollartimes.com/calculators/inflation.htm/
http://www.coinnews.net/tools/cpi-inflation-calculator/
http://inflationdata.com/Inflation/Inflation_Calculators/Inflation_Rate_Calculator.asp

So, please cite your source.

Just like college tuition. The easier it is to fund an education the more expensive it gets.

I was going to go there, but the last time I did on Slashdot I was immediately pounced on and pummeled by people who work for universities and colleges. Apparently I had gored some sacred ox.

Finding any historical cost per credit hour data was fairly hard, schools don't really want you to see this.
I finally found some for the University of Nebraska, Kearney, a state funded school, where a 2011-12 credit hour costs $168. Back in 1964-5 this cost was 9 bucks per credit hour.

Using the Dollar Times calculator $9.00 in 1964 had the same buying power as $65.73 in 2012. So, instead of charging $65.73/ch, UNK is now charging$168, or 2.5 time the inflation equivalent per credit hour.

Kearney isn't alone in this, Central Michigan is actually worse.
They charged $85.50/ch in 1993, which had the same buying power as $135.98 in 2012, but they are charging $358/ch or 2.6 times inflation.

Admittedly, state funding levels may have changed, and more money may now be raised by tuition and fees with less tax dollar input.
Its hard to know, without digging thru the University budgets over the years.

But in any event, I suspect that you are correct, that the cost of college expands to absorb the available funds.

http://iml.jou.ufl.edu/carlson/history/viewtron.htm

At launch, they cost $900 and were reduced to $600 when demand was soft. Further, a subscription in Miami cost $12 a month, plus long distance phone charges, if any. There also were additional charges for Hallmark Cards (electronic mail) of $2 per card or 50 cents for stationery. After May, 1984, the partners gave up trying to sell the Sceptre Terminals and changed the pricing system to be $39.95 a month including terminal rental.

Too goddamned expensive. $900 in 1983 was $2,080 in 2012 dollars.

Who the hell is willing to throw down $2000 for an untested system? Maybe if they'd started at $39.95 a month ($92.37 in 2012 dollars) it would've been able to get off the ground, but the original price point likely killed it.

http://iml.jou.ufl.edu/carlson/history/viewtron.htm

At launch, they cost $900 and were reduced to $600 when demand was soft. Further, a subscription in Miami cost $12 a month, plus long distance phone charges, if any. There also were additional charges for Hallmark Cards (electronic mail) of $2 per card or 50 cents for stationery. After May, 1984, the partners gave up trying to sell the Sceptre Terminals and changed the pricing system to be $39.95 a month including terminal rental.

Too goddamned expensive. $900 in 1983 was $2,080 in 2012 dollars.

Who the hell is willing to throw down $2000 for an untested system? Maybe if they'd started at $39.95 a month ($92.37 in 2012 dollars) it would've been able to get off the ground, but the original price point likely killed it.

Wreak even more havoc.

As mentioned above, $27.625 was 6.5x the minimum wage in 1989, when that part of the law was written. This comes out to a yearly pay of $57,460 in 1989 dollars. Inflation-adjusted to 2011 dollars, that yearly pay would be $104,514.73 according to the first inflation calc I could find.

If the law had stayed indexed to 6.5x minimum wage, the yearly limit for 2011 would be $47.125/hr, or $98,020.

Buzz! Try again moron. Dr. Paul - yes he has an MD from duke - actually worked and I believe still works as a medical doctor.

Who paid for his education? Hint: it was a lot cheaper in those days. For example:

This is an example of tuition costs from the 1950's, the era in which Ron Paul would have begun working towards his medical degree.

Full-Time Graduate Groups (Ph.D.):

Graduate School of Arts and Sciences:
Tuition: $500
  General Fee: $25

Education:
Tuition: $600
  General Fee: $25

Fine Arts:
  Tuition: $600
  General Fee: $25

Full-Time Graduate Groups/Professional Schools and Programs (selected non-Ph.D. programs):

Dental Medicine:
Tuition: $600
  General Fee: $20

Law:
Tuition: $600
  General Fee: $20

Medicine:
Tuition: $700
  General Fee: $20

Veterinary Medicine:
Tuition: $425
  General Fee: $20

Social Work:
Tuition: $500
  General Fee: $20

Mr. Paul would have been required to come up with the equivalent of about $5700 a year in 1950's-era dollars, based on this: http://www.dollartimes.com/calculators/inflation.htm

In the absence of a student loan program at the time, I can only imagine that his parents were actually wealthy enough to send him to school.

So, of course he has no idea (or real damn concern) that there are plenty of us who can't afford to send our kids to school to have a doctor's education pasted onto them.

Ron Paul is a perfect example of one of these motherfuckers who was born on 3rd base and thinks he hit a triple.

Again, fuck him and his fans in the face. We do not need this world run by misanthropes and greed-heads.

I don't know about you, but I don't buy my speaker equipment using gold, I use USD (when in the proper country). If we look at the change in the strength of the dollar due to inflation, the price in 2011 is only 3.5 times the 1978 price. ($4571.35). So it's actually cheaper than the current flagship model. Seriously, given that the rate of inflation is usually around 4% on average, do you really think that after 33 years the dollar would drop to a seventh of its value?

http://www.dollartimes.com/calculators/inflation.htm

Not that I totally trust the above but if we allow 4% constant inflation it's not too far off.

If I send money from Europe to some person in US, then both my bank, the receiver's bank and likely intermediate banks will take a transaction fee much higher than bitcoin transaction fees (currently free). My bank will also charge a fee for exchanging DKK to USD and they will use an artificially high exchange rate and cash in on that too. It all adds up and many people don't notice this because transparency of fees in the current banking system is deliberately kept low. Also 3 months after having received the dollars, the receiver may be able to buy less for the dollars received because the Federal Reserve may have printed more dollars. Had I instead sent bitcoins from Europe to the receiver in BTC and had the receiver waited until he actually needed to spend them before converting them into USD, he would likely have had a higher purchase power (assuming no collapse of the currency). Granted volatility of BTC is high now, but this won't continue forever. It will get more stable over time or disappear like many other currencies have throughout history including government backed currencies. Calculate here how much the dollar has lost in value due to inflation: http://www.dollartimes.com/calculators/inflation.htm

1. US population in 1950 was 151,325,798 and in 1960 179,323,175, An iPhone at $300 today is equal to 40 dollars in 1960, while 40 wasn't disposable then, a color table top was about 500 dollars- '60 RCA: $495 (21") or $3,635.88 today

http://www.tvhistory.tv/tv-prices.htm
http://www.dollartimes.com/calculators/inflation.htm

2. You can't do that while mobile, which is what an iPhone/iPod Touch/iPad do, so it's Apples and Oranges

3. Its really the Flash/HTML 5 argument. Until Windows and Linux go mobile with this big of an installed base, theres no point in bringing them into this

5. Yes, its a stupid article. /. keeps posting Apple articles because Cmdr Taco went Apple back...oh...around the time 10.1 or 10.2 came out. And believe or not but alot of techies use Apples, not just fanbois. My entire state agency is Apple.

That $30 Atari game from 1977 would cost $108 in 2009 dollars.
The $80 NES game from 1985, $120. Inflation Calculator: The Changing Value of a Dollar

http://www.dollartimes.com/calculators/inflation.htm

$15.99 in 2007 was about $8.05 in 1984 dollars.

So it appears as though they were right. Over time the cost of a CD did come down to $8.