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To: Clemenza

What’s a million dollars? Soon it will cost that much to buy a loaf of bread. Believe me when I tell you that when Argentina had a gold peso it was money. Then inflation came, then hyperinflation. Paper money is worth exactly what it’s printed on.


46 posted on 01/12/2008 12:47:05 PM PST by Cacique (quos Deus vult perdere, prius dementat ( Islamia Delenda Est ))
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To: Cacique
Being that you live in NY, you know that purchasing power parity aint what it is in the rest of the country.

When Herb Kelleher (founder of Southwest Airlines) was asked by his mother when he made his first million why he didn't live on a huge estate with servants, he told her (and keep in mind, this was during the era of stagflation), "ma, being a millionaire aint what it used to be." And this is in Dallas, TX where a million buys a lot more than in NY and NJ.

47 posted on 01/12/2008 5:28:45 PM PST by Clemenza (Ronald Reagan was a "Free Traitor", Like Me ;-))
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