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  #1  
Old 07-21-2008, 10:40 AM
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Economic Flashback....

Interesting...

http://www.1970sflashback.com/1970/ECONOMY.asp

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Old 07-21-2008, 10:42 AM
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That's interesting. How did you happen to run across that site?
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Old 07-21-2008, 11:05 AM
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Why have eggs and milk increased less than fuel? It looks like the cost of eggs and milk has dropped relative to median income.
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Old 07-21-2008, 11:08 AM
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Quote:
Originally Posted by kerry View Post
Why have eggs and milk increased less than fuel?
I don't know. Could it have anything to do with the fact that they are not used to operate gigantic SUVs?
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  #5  
Old 07-22-2008, 12:59 AM
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I'm thinking it's factory farming and the fact that the government is slowly getting out of the business of propping up agricultural commodity prices (except for corn).

I think I saw eggs for 79 cents a dozen at the local grocery store the other day. Milk has finally broken 3 bucks a gallon here.

I went through the different years on that site and inflation looks like it must have been really bad in the 70's. I was too young to notice.

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