Sat 4 Oct 2014
The Change In Cost Of Living Since 1938
Posted by k under Civil Liberties , Democracy , FinanceNo Comments
The drip-drip-drip of Fed-induced inflation is hardly felt by most Americans even on an annual basis; but take a step back over a generation of currency debasement and it becomes clear. As the following image shows, the cost of living since 1938 has, simply put, exploded. With incomes up just 30x in those 76 years, the cost of a home has risen 70x, the cost of bacon has risen 100x, and the biggest of all, the cost of a Harvard education has risen 142x. (more…)