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28981Re: [Czechlist] Re: Dollars

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  • James Kirchner
    Nov 29, 2005
      On Nov 29, 2005, at 3:13 AM, coilinoc wrote:

      > If the text was written in 1999, it simply refers to how much an
      > amount made in the past would be worth in "today's money." It's
      > pretty common to say things like XXX made over 10 million USD in
      > 1956, which would be worth nearly a billion today, etc....

      Yes. This is a good explanation.

      If they are in 1999 and talking about money made before 1999, then it
      means the figure is adjusted for inflation. If they are in 2005 and
      talking about money made in 1999, then they mean the figure has not
      been adjusted for inflation. What it means depends whether you're in
      2005 looking back at 1999 (unadjusted), or in 1999 looking back at
      some earlier year (adjusted).

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