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From The Chairman: Peak Strategy 2014
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<blockquote data-quote="59 Dano" data-source="post: 1472548" data-attributes="member: 23516"><p>Yet our standard of living increased exponentially in that same time span. For example, NASA's computers --combined-- cost millions upon millions of dollars and probably didn't have more than 3 MB of memory. An iPhone has a ridiculously higher level of computing power than NASA's computer array had back then, and it lists for six or seven hundred bucks retail. And it works as a phone, too.</p><p></p><p>A 1973 23" color console TV that got a half dozen channels? $350 and up. Adjusted for inflation, $1800+. Best Buy has a 48" HD LED set that has more features that I'll ever use for $350.</p><p></p><p>The increase in our purchasing power is not represented in the 4% figure. The 2 examples I gave are just the tip of the iceberg.</p></blockquote><p></p>
[QUOTE="59 Dano, post: 1472548, member: 23516"] Yet our standard of living increased exponentially in that same time span. For example, NASA's computers --combined-- cost millions upon millions of dollars and probably didn't have more than 3 MB of memory. An iPhone has a ridiculously higher level of computing power than NASA's computer array had back then, and it lists for six or seven hundred bucks retail. And it works as a phone, too. A 1973 23" color console TV that got a half dozen channels? $350 and up. Adjusted for inflation, $1800+. Best Buy has a 48" HD LED set that has more features that I'll ever use for $350. The increase in our purchasing power is not represented in the 4% figure. The 2 examples I gave are just the tip of the iceberg. [/QUOTE]
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