By Chewing Grass
Just thought I'd have a go of the Yankee inflation calculator and the Bank of England one after noticing how much a B52 Bomber was in 1955 and adjusted for inflation.
U.S. Inflation Rate, 1955-2015 ($100) = 3.70% per year. Prices in 2015 are 784% higher than in 1955. $100 equivalent purchasing power now requiress $784.39 over 60 years.
BofE Inflation Rate, 1955-2016(£100) = 5.40% per year. Prices in 2015 are 2366% higher than in 1955. £100 equivalent purchasing power now requires £2366.59 over 60 years.
That is the importance of the Dollar hedgemony, that is the effect of compounding, that is in part why the U.K. has been royally fucked over and why the U.S. military is so 'important' for the Yanks.
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