Saturday, March 3, 2012

"How Much Gold Do You Need to Pay Yale's Tuition? The Same as in 1900"

From the Atlantic:
As everybody knows, elite college tuition is getting ferociously expensive. And, as everybody knows, gold is getting ferociously expensive, as well (for entirely different reasons). With these maxims in mind, an enterprising writer at Priced in Gold has answered the question I know you've been wondering: If it cost 1,000 gold grams in 1900 to pay Yale tuition, how many more gold grams would you need to afford Yale college tuition today?

The answer is, practically, zero.

I can't decide if this fact is meaningless or engrossing: The 100-year inflation of full tuition basically tied the 100-year inflation of gold....MORE