Bernanke delivers blunt warning on U.S. debt

A wealthy person once told me the cost of living doubles every 10 years. If you take that $25,000 house from 40 years ago and double it 4 times as in four decades, what do you get? $400,000! Almost an exaxt science isn't it?
 
Quote from luckyluciano:

A wealthy person once told me the cost of living doubles every 10 years. If you take that $25,000 house from 40 years ago and double it 4 times as in four decades, what do you get? $400,000! Almost an exaxt science isn't it?

That comes to 7% annual inflation! Guess the Fed numbers are wrong...
 
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