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<p>[QUOTE=&quot;doug444, post: 2703682, member: 38849&quot;]for Sakata:</p><p><br /></p><p>The Consumer Price Index is not a perfect measurement, but it&#039;s a good general measure of a household&#039;s cost of living; it is not particularly useful for forecasting.&nbsp; </p><p><br /></p><p>The list below shows annual CPI, and change from the previous year from 1929 through the end of the war.&nbsp; By the</p><p>end of the Great Depression, generally regarded as 1939, <u>the CPI was still only 0.3 higher than 1932</u>, and the end of circulating gold in 1932.&nbsp; Gold was merely a commodity that had an artificial increase in price, and that had little to do with consumer prices, and imports, which were negligible.</p><p><br /></p><p>You may also note that from the <u>end of the war</u> until 1982, the cost of living increased more than 5 times [100 / 18.0 = 5.6] but wages increased too.&nbsp; The people most harmed was the cohort born 1890s to 1910s, whose &quot;life savings&quot; of say, $2000, was practically useless in trying to survive.</p><p><br /></p><p>Social Security bailed out many of our great-grandparents.&nbsp; Without World War II, consumer prices may have languished another decade.</p><p><br /></p><p>Base Year (1982-1984 = 100)</p><p>1929 | 17.2 | 0.0%</p><p>1930 | 16.7 | <span style="color: #ff0000">-2.7%</span></p><p>1931 | 15.2 | <span style="color: #ff0000">-8.9%</span></p><p>1932 | 13.6 | <span style="color: #ff0000">-10.3%</span></p><p>1933 | 12.9 | <span style="color: #ff0000">-5.2%</span></p><p>1934 | 13.4 | <span style="color: #336600">3.5%</span></p><p>1935 | 13.7 | <span style="color: #336600">2.6%</span></p><p>1936 | 13.9 | <span style="color: #336600">1.0%</span></p><p>1937 | 14.4 | <span style="color: #336600">3.7%</span></p><p>1938 | 14.1 | <span style="color: #ff0000">-2.0%</span></p><p>1939 | 13.9 | <span style="color: #ff0000">-1.3%</span></p><p>1940 | 14.0 | <span style="color: #336600">0.7%</span></p><p>1941 | 14.7 | <span style="color: #336600">5.1%</span></p><p>1942 | 16.3 | <span style="color: #336600">10.9%</span></p><p>1943 | 17.3 | <span style="color: #336600">6.0%</span></p><p>1944 | 17.6 | <span style="color: #336600">1.6%</span></p><p>1945 | 18.0 | <span style="color: #336600">2.3%</span></p><p>End</p><p><br /></p><p>Source:&nbsp; <a href="https://www.minneapolisfed.org/community/teaching-aids/cpi-calculator-information/consumer-price-index-and-inflation-rates-1913" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.minneapolisfed.org/community/teaching-aids/cpi-calculator-information/consumer-price-index-and-inflation-rates-1913" rel="nofollow">https://www.minneapolisfed.org/community/teaching-aids/cpi-calculator-information/consumer-price-index-and-inflation-rates-1913</a></p><p><br /></p><p>Your conclusions about the impact of the confiscation on households may seem intuitive, but they&#039;re wrong.[/QUOTE]</p><p><br /></p>

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