BrainKing - 讨论板 (Politics)

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Politics

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3. 九月 2010, 11:25:36

Mort

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题目: Re:Please do the math. In 234 years, we borrowed 9 trillion dollars. That's 12168 months. That's a Trillion every 152 months or every 12.6 years.

Artful Dodger: !!!!!!

If you were to do the math PROPERLY... then you'd understand that this statement is as accurate as the old idea the Earth is at the centre of the universe.

$1,000,000 234 years ago is not the same as $1,000,000 now. For things like inflation the actual value of something bought, sold or borrowed, has to adjusted to allow for time. The dollar today (same with any currency) just ain't worth what it was back in da old days.

I used an online inflation calculator and it came up .....

... If you bought something in 1940 for $1000 it would cost, due to inflation.... $15,572.21 in 2010...... a rate of inflation change of 1457.2%

http://www.coinnews.net/tools/cpi-inflation-calculator/