I blame American schools

Reader comment on: Shlaes on Inflation
in response to reader comment: Doing the math correctly

Submitted by Hywel Morgan (Canada), Jul 18, 2014 16:34

(a) $2.5 / $0.6 = 4.17 That is a ratio.

(b) that is known (all over the world, guys) as a rise of 317% not 417%. A 100% rise is a ratio of 2.00

(c) 317% over 15 years. That's 8%pa

(d) 10% pa over 15 years gives a ratio of 4.17

(e) 417% over 15 years would be a ratio of 5.17. That's 11.5%pa.


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The Future of Capitalism replies:

Thanks for reading so carefully and for the math lesson.

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⇒ I blame American schools
[w/response] [65 words]
Hywel MorganJul 18, 2014 16:34
Huh? [36 words]Bitter ClingerJul 19, 2014 08:36
Mea culpa [87 words]Hywel MorganJul 20, 2014 11:46
Newstand prices [45 words]Jerry SkurnikJul 17, 2014 17:40
pocket pain [37 words]hectorJul 18, 2014 18:22

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