Saw this on gunbroker thought it was quite interesting. it’s the first time I’ve actually seen decent photos of the jap type 100 figured you guys would be interested.
Yeah but you could buy a house in 1952 for $1600 couldn't you?I paid $1600. for the one I have. ....
Yeah and it probably took $0.30 to buy in 1900 when we were on the gold standard. Its not like you did not see huge inflation under FDR! Adding zeros is not a huge deal... It gets annoying but if everything inflates at the same rate, there is really no difference but how many zeros come after it. I guess those with savings do get screwed... but those with mortgages are happier.Absolutely.....as I understand the deterioration of the money value, it now takes $30.00 to buy $3.00 of 1950 goods. And....whats worse........no one seems concerned. I suspect part of the problem with most everything is that young people cant miss what they never had.
Yeah you guys did a really crappy job teaching the younger generations... I agree. However we were not the generation that allowed FDR to steal all the gold and go through a huge inflationary period to pay for the new deal. We don't understand the economy? Who was around when the politicians and free traders shipped "the arsenal of democracy" to China and the rest of Asia... now my generation has the rust belt in its place. At least our generation has the excuse of a poor education. What is the excuse for the people in control during the 20s-30s and the 70s-present? I know its great to look at poor educated youth and laugh. However you might not want to look to hard in that mirror? Argue the Civil war all you want but post Civil war, the people of the late 1800s built a shattered group of colonies into the strongest country in the world prior to Wilson. They did that by protecting American goods and labor with huge tariffs and keeping us out of foreign wars we did not belong in. We had the largest industrial base with, large amount of land, small government, awesome currency, relatively no debt and we were world leaders in a lot of industry. The 20th century managed to change all that and ended up with huge debt, huge horrible government, industry shipped to Asia, no more land then when it started, hugely inflated currency, wars all over the globe we don't belong in and sees us almost as shattered as we were before the civil war.No the problem is young people have no idea how to math, read, or understand any history that was before 5 years ago. Even supposedly educated ones are entirely ignorant of basic economic theory, and have no concept of how an economy "works". "Inflation is no problem, I will just get more money !" Really. was told that just a few days ago.
So... YOUNG PEOPLE invented inflation? Does this mean that there was no such thing as inflation in 1952???? That all prices were with same before 1952 (or any particular date)? Pretty sure inflation has nothing to do with generations or their perceived education level etc.No the problem is young people have no idea how to math, read, or understand any history that was before 5 years ago. Even supposedly educated ones are entirely ignorant of basic economic theory, and have no concept of how an economy "works". "Inflation is no problem, I will just get more money !" Really. was told that just a few days ago.
But - Phil - that is a really cool type 100.
I’ve seen that often on gunbroker. I honestly don’t use it for a scale of what things are worth anymore. Some people really like paying too much, I mean I know like half the guys here have vickers kits but for whatever reason they go for $5000+ on gunbroker. Very weirdcan anyone explain to me why that part kit sold so high?
even with inflation, this makes no bloody sense to me.
Super cool! The 30-06 mags are really hard to find let alone the whole kit obv. WowThere are 07/02's with coin out there trying to complete collections, scarcity, super nice condition, and ease of build is gonna equal big bucks.
I'm curious what a lewis one cut kit I have plus separate single cut lewis 3006 receiver, plus separate 3006 parts will bring on gunbroker in a few weeks. Got my eye on some other toy and looking to move duplicates to fund it.