sc94597 on 17 January 2017
| Intrinsic said: What kinda logic is this? Now we are adjusting for inflation? |
Yes, when comparing the relative prices of products over time you must accommodate for the purchasing power of the money. $250 in 2006 has more purchasing power than $250 today.
People need to get it out of their heads that money has constant value. We must treat dollars in the past the same way we treat foreign dollars, because the value is variable.
