Just an observation if a 125hp tractor new was $17000 in 1977 and now 47 years later a new 125hp tractor is $150k. Assuming the same 5% rate of inflation what will a 125hp tractor cost in 47 years?
Answer: $1,415,138.73
Thing is the inflation of the money supply is rapidly accelerating. So will a 125hp tractor be $5m, $10m, a $100m? Who knows? The sky is the limit.
Answer: $1,415,138.73
Thing is the inflation of the money supply is rapidly accelerating. So will a 125hp tractor be $5m, $10m, a $100m? Who knows? The sky is the limit.
Comment