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#1
May 19th 04, 10:29 AM
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On Tue, 18 May 2004 11:14:53 -0700, Elwood Dowd wrote:
I hate to be the voice of reason---but has anyone considered the massive inflation rate between then and now? How does our $2/gallon translate into 1983 dollars? Prices have not quite doubled since 1982. (Recall that Paul Volker, Ronald Reagan, and Alan Greenspan stomped hard on inflation beginning in 1980.) (I use 1982 as a basis because it was that year that I built my house.) So in 1983 dollars, our gasoline costs about $1.05 or $1.10. (Recall also that Bill Clinton raised taxes a nickel. You should knock off 2 cents to account for that.) all the best -- Dan Ford email: (put Cubdriver in subject line) The Warbird's Forum www.warbirdforum.com The Piper Cub Forum www.pipercubforum.com Viva Bush! blog www.vivabush.org 
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