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<p>[QUOTE="Gam3rBlake, post: 7898350, member: 115909"]That is a lot for the time period it took place in.</p><p><br /></p><p>Not to mention the full impact of inflation hasn’t hit yet.</p><p><br /></p><p>I was reading an article by Barron’s and it was talking about how a lot of people had been saving their money since most places were shutdown during the worst of the pandemic and that once that money starts to be spent in earnest the inflation will rise with it.</p><p><br /></p><p>The more dollars there are in circulation the less each dollar is worth.</p><p><br /></p><p>That’s why in the 1860s it was possible to take an entire family out to dinner at a decent restaurant for a dollar whereas today a dollar won’t even buy you a basic hamburger at McDonalds.</p><p><br /></p><p>[ATTACH=full]1364064[/ATTACH] </p><p><br /></p><p>Because there were a lot less dollars in circulation back then and so a dollar was worth much more than today.[/QUOTE]</p><p><br /></p>
[QUOTE="Gam3rBlake, post: 7898350, member: 115909"]That is a lot for the time period it took place in. Not to mention the full impact of inflation hasn’t hit yet. I was reading an article by Barron’s and it was talking about how a lot of people had been saving their money since most places were shutdown during the worst of the pandemic and that once that money starts to be spent in earnest the inflation will rise with it. The more dollars there are in circulation the less each dollar is worth. That’s why in the 1860s it was possible to take an entire family out to dinner at a decent restaurant for a dollar whereas today a dollar won’t even buy you a basic hamburger at McDonalds. [ATTACH=full]1364064[/ATTACH] Because there were a lot less dollars in circulation back then and so a dollar was worth much more than today.[/QUOTE]
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