Once heard it put this way:
“In 1880, with a $20 gold piece, you could buy a new S&W or Colt revolver.
Today, you can STILL buy a new Colt or S&W revolver with a 1880 $20 gold piece. But the way the value is reckoned in dollars has changed dramatically.”
April 30th, 2015 at 9:25 am
Once heard it put this way:
“In 1880, with a $20 gold piece, you could buy a new S&W or Colt revolver.
Today, you can STILL buy a new Colt or S&W revolver with a 1880 $20 gold piece. But the way the value is reckoned in dollars has changed dramatically.”