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Farmall & IHC Tractors Discussion Board |
Re: Fifty Year Ago Cost
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Posted by Bill Smith on February 25, 2004 at 11:22:21 from (63.147.130.43):
In Reply to: Fifty Year Ago Cost posted by wolfy on February 25, 2004 at 10:16:11:
Under the List Prices section on this site it gives kind of an approximation value for a 1940 M Farmall as $1112 on rubber and $895 on steel. A 54 super M with all options would no doubt be more than that. I would venture to guess a few hundred more at most. If you know inflation rates, I'll let you do the math. Nobody thinks about inflation much. I have gave it a great deal of thought. Just think how much extra money the government has printed up over the years. They had to of. Otherwise there wouldn't be enough money to go around today. Everybody thinks they destroy $1 for every $1 re-issued. That's a bunch of bull. Do the math on inflation, and there is no way that would work. Who gets credit for all the extra money printed up? Has to be good old Uncle Sam. You just thought they was only getting to ya through taxes. Hard telling how many ways the Government is seeking revenue's that the general public don't even think about. I have had alot of people argue with me on this. Mainly people that have not thought about the reality of it.
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