Thursday, July 24, 2008

Economics for Our Time

If you get a parking ticket don't pay it. With current rate of inflation you'll be saving yourself money by waiting a good ten years or so before paying this ticket. Your American dollar buys you less every second of the day. The current rate of fines, surcharges and whatnot the city throws ontop of your parking ticket can't not keep up with the loss of value of your money. In ten years that $65 parking ticket will be worth $10 in today's money despite having a $500 price tag in the future. That's savings you can see.

And you people hate today's elected officials. I'm sure you'll be grateful a decade from now.
I know I will when I thaw out the groceries I'm buying today and freezing for tomorrow.

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