(kinda) A great website to share if you have no idea how to explain the downfall of the US economy.
Edit: Thanks to everyone who provided insight on this website. I’ve had this in my bookmarks for a very long time and was curious how it held up.
(kinda) A great website to share if you have no idea how to explain the downfall of the US economy.
Edit: Thanks to everyone who provided insight on this website. I’ve had this in my bookmarks for a very long time and was curious how it held up.
I’m not a libertarian, but something did go awry around that time. You can see it when you watch reruns of game shows like the price is right. Automobile prices double after a year, and then keep doubling.
??? I’m going to use a Dodge Dart as my basis because a 70 Dart was my family car.
1970 Original MSRP $2,261
1972 Original MSRP $2,528
https://www.jdpower.com/cars/1970/dodge/dart-swinger/2-door-hardtop
That’s 7% annual inflation, not 100%.
A base 2013 Dart was $16K MSRP. At that rate it doubled once every 13 years or so from 1970…certainly not every year like dudebro said