That’s a pretty amusing false and misleading statement. I remember seeing a receipt for a 1950 Chevrolet that my uncle bought is was for $1000.
My friend just bought new Chevy Equinox $31,000. So going back to 1950 things cost about 30 times more. I use a factor of X or times 20 going back to the early’70s.
“Prices climbing uniformly at 7% is the bedrock goal of the Federal Reserve economy” and,
“Maintaining full employment in other nations” is the other primary goal of the Fed Res. Mr. Copper 2022