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The inflation adjusted picture is somewhat different, and much less vertigo inducing: We are now at ~1966 levels (first reached again in the mid 90s) and not that far away for the 1929 peak...




The road of excess leads to the palace of wisdom - William Blake

by talos (mihalis at gmail dot com) on Tue Sep 1st, 2009 at 06:18:42 PM EST
[ Parent ]
So if I understand this correct, inflation was pretty big during the eighties?
by Nomad on Wed Sep 2nd, 2009 at 06:40:33 AM EST
[ Parent ]
More like the 70's - 1965 to 83.

This chart captures stagflation: the nominal value stayed roughly constant but inflation was high.

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma

by Migeru (migeru at eurotrib dot com) on Thu Sep 3rd, 2009 at 09:05:51 AM EST
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