Talk:Naval Act of 1938

Latest comment: 1 year ago by Genlabcsgo in topic Bad monetary "conversion"

Long count

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Am I right presuming Third Vinson Act =Vinson-Walsh Act =Two-Ocean Navy Act? TREKphiler hit me ♠ 15:41, 25 November 2008 (UTC)Reply

Bad monetary "conversion"

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allocating $1.09 billion (equivalent to $1,700,000,000 in 2021 relative to GDP inflation) This is imo a really bad way of trying to explain how much money was actually spent. You have to look at Purchasing Power Parity for that (https://fred.stlouisfed.org/series/CUUR0000SA0R) that would suggest around 21 billion dollars for today. Otherwise, that'd be like comparing US and Russian military spending by converting the Ruble to Dollar value. No, in different countries a dollar gets you further then in others, so yeah CPI is a good way to do that. Genlabcsgo (talk) 22:54, 21 August 2023 (UTC)Reply