8/
8/
F-350, 1 ton, 4 doors, new, 2020 $37,885
F-350 1 ton, 4 doors, new, 1990 $19,068
That's $37,972.60 in 2020 dollars.
Lower price for a superior product.
How do you explain this @braxton_mccoy ?
cites:
https://www.edmunds.com/ford/f-350-super-duty/2020/supercab/ …
https://www.michigan.gov/documents/1990combtr_20338_7.pdf …
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19/ I've love to have a truck. Old one died; can't afford a new one now. I mostly use my tractor to move stuff around - throw a trailer ball on the draw bar and use that to tow trailers around. Skid logs w the tractor too, etc.https://twitter.com/camp_zion/status/1317211475560308739 …
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20/ The original claim: a good truck costs ~ $75k. My rebuttal: no, you can get it for half of that. OP refinement: not with a diesel engine
@cyr_actual tags in: yes, you can!https://twitter.com/cyr_actual/status/1317211714388111361 …
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21/ Yes, exactly. If we have 2% inflation, year after year after year, and it goes as high as 2.2% some years, and 1.8% other years, that 2% number is "baked in". Your mortgage is built around it, your investments track that, your raises, etc.https://twitter.com/Bobthewelding1/status/1317212813534912512 …
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23/ Here are my cites Ford F series 1992-1995: 51 reliability score 2015-2019: 89.3 http://dashboard-light.com/vehicles/Ford_F_Series.html …
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24/ Indeed. In the 19th century we had deflation more often than inflation....and that was worse than inflation. Modest well managed inflation on fiat currency is MUCH better than deflation on a gold standard, fite me.https://twitter.com/trapc45/status/1317216423245156358 …
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25/ This is the source I used. https://www.infoplease.com/business/economy/median-annual-income-level-education-1990-2010 … Note that I did not claim "entry level". I specified only by educational attainment. If you want to use other data, specify it. With a link.https://twitter.com/trapc45/status/1317216141899669504 …
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26/ No it doesn't. One can compute one's own inflation numbers by looking at prices of things one knows / cares about. It PERHAPS implies that I trust people who live and die by inflation rates to VERIFY government numbers. >>>https://twitter.com/Bobthewelding1/status/1317225508841705477 …
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27/ I see lots of arguments about "stealth inflation", and I'm entirely happy to entertain the idea. So ... go ahead. Convince me. Pick a basket of goods X and price it at time Y and at time Z.
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28/ I fully agree with the data in this tweet. This is orthogonal to the discussion of whether the government inflation numbers are valid.https://twitter.com/Bobthewelding1/status/1317231388517715969 …
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29/ Yes / yes / no What do I get out of them?
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I like fighting.
https://twitter.com/jtcbrule/status/1317235507437457409?s=19 …Show this thread -
31/ But in this thread we've shown that the price of a 350 has remained the same in real terms, and the quality has gone up. Look at Bob's data in #28 - low and mid class wages are flat WHEN ADJUSTED FOR INFLATION, meaning that inflation hasn't hurt themhttps://twitter.com/braxton_mccoy/status/1317241908696018945?s=19 …
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End of conversation
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