The Secret is in the Slant!

In an MBA economics class we learned that the main problem with inflation is that it causes old geezers to rant about what a dollar bought in their day. As Dan says, only a fool would compare 1960's dollars with today's, and yes we can convert them based on things like how many hours of work required to buy ____.

I recall reading that gasoline was expensive in the early 1960's, comparable to today's prices. That is why Detroit came out with the Valiant, Comet, Nova and the following pony and fish cars, plus VW's and small Japanese cars started being imported in quantity. Indeed, gas was also expensive at earlier times. It sure wasn't cheap in the 1910's and 20's when they metered it in glass bottles.