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Friday, August 18, 2006
Ten dollars in 1973 worth more than $10 in 2006
If Joe Karbo Sold a Ten Dollar Book in 1973...
"Important note regarding Joe Karbo's book: The Lazy Man's Way To Riches:When he sold his book for $10 back in 1973 it was a nice even number. But ten bucks in 1973 was worth a lot more than today's "ten bucks".If Joe were alive today, and was still interested in selling his book...He would, due to the diluting effect of the Federal Reserve Bank's policy of printing piles upon piles of fiat (unbacked by gold or silver) money, have to sell his book at about..."
You can read the entire comment at: blog/2006/07/can-you-name-5-greatest-headlines-of-all-times
Tags: joekarbo karbo leblond gerardleblond timevalueofmoney money ten tenbucks silverdollar federal federalreserve federalreservebank bank fiat fiatmoney inflation lazy lazyman lazymanswaytoriches lazywaytoriches headlines headline greatest greatestheadline greatestheadlines
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