Inflation & Deflation Video COSTS of Products in 1972 Sports Illustrated Cover price – 60 cents Gas at the Pumps – 36 cents Average House – 500 Gallon Milk – .33 Postage Stamp – 8 cents Virgina U tuition – 7 Oreos – 49cents/lb Hershey Bar – 7cents/oz 1991 Prices Sports Magazine – .95 Gas Prices – .19 Avg House – 7200 Milk – .14 Stamp – 29 cents Virginia Tuition – 90 Oreos – .59/lb Hershey – cents/oz Todays Prices Sports Illustrated – .99 Gas Prices – Over .70 gallon House Prices – Over 5000 Milk Prices – Not sure, was .11 in 2009 Postage Stamp – 44 cents Virginia U cost 72 last year Oreos – .81/lb Hershey – 60 cents/oz Throw in that the money supply has increased from the years of 1991- to current than 1972-1991 we have had less inflation than based on the money supply. If you throw in all the extra costs, one may argue say that is where the inflation comes from. The surplus of buying more items. People can not afford to buy things like they once could and that is another reason we have not had this massive inflation that we had up to the end of the 70s and early 1980s.
Video Rating: 4 / 5
33 comments
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painfultone says:
February 9, 2012 at 12:19 pm (UTC 0)
i have to disagree with your definition of the word inflation…. inflation would insinuate that we are basing our money on a tangible object and then creating more “cash” than the value of our tangible object (such as gold, or tulip bulbs)
so what exactly is our money based on that you arrive at this decision. then it would be really easy to show the proof of inflation.
our money is based on debt, ie loans, and population (amount of loans)
inflation is not just a rise in price
LiberaleElli says:
February 9, 2012 at 12:21 pm (UTC 0)
rs ist deutschland hier du vogel
sport142 says:
February 9, 2012 at 12:49 pm (UTC 0)
Good points…subscribed.
endlessmountain says:
February 9, 2012 at 1:19 pm (UTC 0)
usually its those with the amount of vids that you have that say this stuff
I’d like to see you do a better job. Please send a link to me when its up.
t0mme1981 says:
February 9, 2012 at 2:07 pm (UTC 0)
How bland and boring.
Presentation skills zero.
Dean0000007 says:
February 9, 2012 at 2:17 pm (UTC 0)
According to Peter Schiff we have all the conditions of deflation (unemployment, no one spending, etc…) along with the conditions of inflation prices are staying somewhat stable. Since printing of moeny is unlimited and unemployment can’t go down forever we can eventually expect inflation at some point at a very high rate.
davincij15 says:
February 9, 2012 at 3:05 pm (UTC 0)
Inflation does not work that way.
As costs go up prices go up or they go out of business.
cosmicguerilla1 says:
February 9, 2012 at 3:41 pm (UTC 0)
cool man !
seamaverick1 says:
February 9, 2012 at 3:46 pm (UTC 0)
Derek why did you take the silver 1000 per ounce sign off your board???? Its going to happen !!!
shatteek says:
February 9, 2012 at 4:14 pm (UTC 0)
Great stuff. I favorited and 5 stared ya!
NibiruMagick2012 says:
February 9, 2012 at 4:29 pm (UTC 0)
thanks*****
takforalt says:
February 9, 2012 at 5:23 pm (UTC 0)
In 1960 (when I was in the 3rd grade) I could buy a slice of pizza for 15 cents US. In the mid 1960′s a new york subway token was 15 cents. My friends and I could go to rockaway beach and back (4 tokens) buy a knish and soda all for a DOLLAR.or a little less. In 1971 I paid less than 600 a year for a state university tuition. What the heck is it now? Not worth it!
whiskerchild says:
February 9, 2012 at 6:21 pm (UTC 0)
I am cutting back on insurance- which makes me nervous- but in order to make ends meet, that’s what I’m doing.
donharrold says:
February 9, 2012 at 6:49 pm (UTC 0)
ENDLESSMOUNTAIN – Your choice to define inflation in real terms is smart. The nominal numbers posted by the government leave out the reality that with less people working, prices could remain the same but the EFFECT of relative buying power is DECREASED. Great points you make at 2:18.
smasila says:
February 9, 2012 at 6:54 pm (UTC 0)
Home owners in the Toronto area are about to be screwed with another tax increase.
jnadreth says:
February 9, 2012 at 7:50 pm (UTC 0)
Awesome vid Derek…I have learned absolutely loads from you about the technicals and the economy
Thank You 
louis345 says:
February 9, 2012 at 8:31 pm (UTC 0)
Been listening to your videos for sometime now. I really enjoy it. Please keep it up.
BackBurnerNews says:
February 9, 2012 at 8:45 pm (UTC 0)
Great vid man!
Love it…filled with info and lots of great points!
Instrumentally says:
February 9, 2012 at 9:41 pm (UTC 0)
Good video.
ABETRMAN says:
February 9, 2012 at 10:22 pm (UTC 0)
Great post endlessmountain
Five wonderful Stars*****
drutter says:
February 9, 2012 at 11:03 pm (UTC 0)
As for fees, excellent point. Everything has a fee now. You pay a 20c fee for the bottle on a bottle of Coke, and then you pay a 5c environment fee and a 4c recycling fee, not to mention the fees that have been added that are included in the $1.99 price tag! And hell, there are taxes on some of the fees!
The system is bogged down with fees. Everybody is trying to make a profit off the money itself. We produce little, but we pay and waste much.
drutter says:
February 9, 2012 at 11:42 pm (UTC 0)
Awesome vid!
One thing with those pizza by the slice places is they hate to raise their prices. People love the “$2 per slice” gimmick and really notice if it all of a sudden goes up to $2.30. So what they tend to do is buy cheaper cheese and cut their slices smaller.
I think you’re onto something when you say prices aren’t inflating as much as they would, because people have less money on hand and less savings.
Some of the things you tracked are govt controlled like stamps.
5*
BugsMr123 says:
February 9, 2012 at 11:59 pm (UTC 0)
Everything in the public sector has gotten more expensive than it is general in the economy. The wages in the public sector are at least 50% higher than the wages for the same job in the private sector — by actual study. It is thoroughly unionized, full of featherbedding, and protects the guilty.
Help kill the beast. Boycott corporate stuff as much as makes sense.
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February 10, 2012 at 12:35 am (UTC 0)
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