by TinGoat » Mon Feb 04, 2013 4:25 pm
Over ten years ago, a guy at work mentioned to me that $20 bought the same as $5 did when he was a kid.
I think that this rate of inflation is pretty consistent.
Looking back, I can see that $20 only gets $5 worth of stuff now as compared to when I was a kid.
That's almost 40 years of inflation for me.
I can see where they will get rid of the nickel soon.
There's also talk of devaluing the quarter ($0.25) to twenty cents ($0.20).
The way I see it, the shakedown goes something like this...
Penny - Gone
Nickel - Gone
Dime = Penny
Quarter down to Fifth = Nickel
Loonie = Dime
Toonie = Quarter
Fiver = Loonie
Ten = Toonie
Twenty = Fiver
This isn't exact, but an approximation of actual value / buying power....