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Current Value of 1794 Coins by Weight and Metal Purity
1.6038g gold = 0.056572oz = $76.49
24.057g silver = 0.84859oz = $19.17 (or $17.26 at 90% purity)
1350g copper = 47.61oz = $9.70
Looking at just the silver and copper values ranging from $17.26 to $9.70, we get an average value of a dollar in 1794 as $13.48 modern U.S. dollars. We can also see this as an inflation rate of 17.26 times the original value for silver and 9.7 times for copper. Add copper and the silver to gold ratio together and the average value of a dollar in 1794 was $34.48. Also we can see that gold has inflated to 76.49 times it’s original value.
"If you use my average value a current U.S. dollar is equal to 7.41 cents in the 1790s. Also, the average inflation over the past 219 years have devalued the dollar by 6.15 cents per year."
When I figured that one out, I did the math a couple of times and a couple different ways and assured myself that it was correct. But after looking at it again, I wondered if that meant that in another year our money could be worth only 1.26 cents compared to the 1790s silver dollar coin and then possibly the following year be -4.98 cents? That would be like having to pay someone 5 cents just to take it for nothing in return - like its cursed and you want to get rid of it.
originally posted by: FyreByrd
a reply to: AlaskanDad
Lets overlay the tax rates onto your most excellent graph:
Interesting n'cest pas?
We cannot, any longer, expect any career politian to think in terms that are benefical to the public - only career public service have the education, experience and knowledge in their fields to be of value.
Whether they work or not .. studies show that if you give citizens this basic income like 800 to 1000 euro's a month they are willing to work even more then before and minimum wages can be stopped because of that basic income.
I wonder if tptb realize how much of an effort it is today to just keep things going.
originally posted by: gentledissident
Work more. Sleep less. Eat less. Buy less. You'll be dead soon. Life is nothing compared to the eternal bliss of the afterlife promised to you by your creator. Why sweat the small stuff?