Is 2 millon in 1950 the same 100,000 today (2010)?

Of course it is.

More like 1 million

http://data.bls.gov/cgi-bin/cpicalc.pl?cost1=110000&year1=1950&year2=2010

by the way, you have the question turned around.

Ah, 1950.

That’s when the USA strode the world like a colossus.

By far the world’s richest, most powerful country with a standard of living envied by the rest of the planet.

Able to dole our massive loans to her recent allies, even to her recent enemies, to allow them to recover economically from the ravages of war.

I’m reading a book right now and a passage caught my eye:

“to a five-year old boy waving his flag as Queen Victoria’s Diamond Jubilee procession marched down the Mall in 1897, it would have been inconceivable that by the time of his eightiteth birthday the greatest empire the world had ever known would have shrivelled to an economically moribund strike-bound socialist slough of despond, one in which the government ran the hospitals, the automobile industry and much of the housing stock, and, partly as a consequence thereof, had permanent high unemployment and confiscatory tax rates that drove its best talents to seek refuge abroad.”

The book, of course is about the British Empire - but does that have a familiar ring appertaining to a certain country in 2010?

'Is 2 millon in 1950 the same 100,000 today (2010)? '

Speak english, boy!

In any case you've got it arse about tit

goods bought in 1950 for $100,000 would cost about $900,000 today just adjusting for inflation.

Using the link malmo put up 100000 in 1950 is about 900.000 today

http://data.bls.gov/cgi-bin/cpicalc.pl?cost1=100%2C000.00&year1=1950&year2=2010

What you are all looking for is the CPI index to measure inflation.

http://www.bls.gov/data/inflation_calculator.htm

econ 101 wrote:

What you are all looking for is the CPI index to measure inflation.

http://www.bls.gov/data/inflation_calculator.htm

malmo put that site up a bunch of posts ago

and here is another one

the Real UncleB wrote:

Yep. Before sixty years of Israel siphoning off our funds and directing our foreign policy

UncleB, you're always pushing liberal socialist Jew agenda and division, I have to assume you're a Jew, even though you're anti-Zionist, that's no disqualifer, since almost all Jews despise themselves.

econ 101 wrote:

What you are all looking for is the CPI index to measure inflation.

http://www.bls.gov/data/inflation_calculator.htm

The CPI is a very poor measure of inflation.

sorry all, should say.... Is 2 millon dollars in 1950 the same a 100 million dollars today?

Yogi Berra said, "A nickel ain't worth a dime anymore" and maybe he could talk to LooneyBin and sort it out.

Lawrence Peter once might have said "I didn't say all the things I said"