tag:blogger.com,1999:blog-1892824566694270102.post1125934263174155685..comments2024-01-27T00:46:34.345-08:00Comments on How Fiat Dies: Inflation and the Louisiana PurchaseVincent Catehttp://www.blogger.com/profile/06502618776820144289noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-1892824566694270102.post-28641968163770638822015-06-18T19:39:43.714-07:002015-06-18T19:39:43.714-07:00Right! But 20:20 hindsight is easy. The hard qu...Right! But 20:20 hindsight is easy. The hard question is what happens now? I bet these trends do not extend for another 200 years. :-)Vincent Catehttps://www.blogger.com/profile/06502618776820144289noreply@blogger.comtag:blogger.com,1999:blog-1892824566694270102.post-44624058280398325822015-06-18T19:37:38.707-07:002015-06-18T19:37:38.707-07:00Thanks! Interesting stuff.Thanks! Interesting stuff.Vincent Catehttps://www.blogger.com/profile/06502618776820144289noreply@blogger.comtag:blogger.com,1999:blog-1892824566694270102.post-22811864197263311792015-06-18T15:39:41.117-07:002015-06-18T15:39:41.117-07:00"Originally 1 oz of silver was 1 dollar. Now..."Originally 1 oz of silver was 1 dollar. Now it is just $16 dollars for 1 oz, of silver or a factor of 16 inflation."<br /><br />Wow! Good thing I didn't put all my money in silver back in 1803... I'd be hatin' life about now! (I could only afford a tiny sliver of that Louisiana purchase!). ;^)Tom Brownhttp://www.google.comnoreply@blogger.comtag:blogger.com,1999:blog-1892824566694270102.post-33161459928179258562015-06-18T11:19:54.119-07:002015-06-18T11:19:54.119-07:00So in inflation adjusted dollars (using the Louisi...So in inflation adjusted dollars (using the Louisiana purchase for the adjustment), the gross public debt today is about 1/4 of what it was in 1803?<br /><br />Ok, sure there have been some improvements made since then (a few roads & cities, etc), but I'm ignoring those for simplicity. ;^)<br /><br />There have been some recent posts about what constitutes money that you might be interested in:<br /><a href="http://noahpinionblog.blogspot.ca/2015/06/store-of-value.html" rel="nofollow">here</a>, <a href="http://jpkoning.blogspot.com/2015/06/imaginary-worlds-with-volatile-money.html?showComment=1434648329396#c852499161924873984" rel="nofollow">here</a>, <a href="http://informationtransfereconomics.blogspot.com/2015/06/the-definition-origin-and-purpose-of.html" rel="nofollow">here</a>, and <a href="http://informationtransfereconomics.blogspot.com/" rel="nofollow">here</a>, <br /><br />Tom Brownhttp://www.google.comnoreply@blogger.com