The Problem of Money and Time


Perhaps because inflation can be measured with some accuracy and an index of apparent precision created, historians have often acted as though inflation were the sole problem involved in translating the value of money over time. Readers are told simply to multiply antique monetary sums by a given factor in order to convert them to a modern economic idiom.

Rule No. 1 Rule No. 2 Rule No. 3 Rule No. 4 Rule No. 5 Rule No. 6 The Rule of 72 Moving the Freight Status Symbols Are Never Cheap