Does Tulsa have inflation??

[shadows]

These are comments made in the year of 1955
That is only 54 years ago.

Who would believe that the budget to operate the city of Tulsa would exceed a half billion dollars now still there is no great increase in population other than by annexing.   If we had runaway inflation what would the cost be today?
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Author <monabbgj@sbcgbal.net.>  

"'I'll tell you one thing, if things keep going the way they are, it's going to be impossible to buy a week's groceries for $10.00.

'Have you seen the new cars coming out next year? It won't be long before $1,000.00 will only buy a used one.

'If cigarettes keep going up in price, I'm going to quit. 20 cents a pack is ridiculous.

'Did you hear the post office is thinking about charging 7 cents just to mail a letter

'If they raise the minimum wage to $1.00, nobody will be able to hire outside help at the store.

'When I first started driving, who would have thought gas would someday cost 25 cents a gallon. Guess we'd be better off leaving the car in the garage.

'I'm afraid to send my kids to the movies any more Ever since they let Clark Gable get by with saying DAMN in GONE WITH THE WIND, it seems every new movie has either HELL or DAMN in it.

'I read the other day where some scientist thinks it's possible to put a man on the moon by the end of the century. They even have some fellows they call astronauts preparing for it down inTexas .

'Did you see where some baseball player just signed a contract for $50,000 a year just to play ball? It wouldn't surprise me if someday they'll be making more than the President.

'I never thought I'd see the day all our kitchen appliances would be electric. They are even making electric typewriters now.

'It's too bad things are so tough nowadays. I see where a few married women are having to work to make ends meet.

'It won't be long before young couples are going to have to hire someone to watch their kids so they can both work.

'I'm afraid the Volkswagen car is going to open the door to a whole lot of foreign business.

'Thank goodness I won't live to see the day when the Government takes half our income in taxes. I sometimes wonder if we are electing the best people to government.

'The drive-in restaurant is convenient but I seriously doubt they will ever catch on.

'There is no sense going on short trips anymore for a weekend, it costs nearly $2.00 a night to stay in a hotel.

'No one can afford to be sick anymore, at $15.00 a day in the hospital, it's too rich for my blood.'

'If they think I'll pay 30 cents for a hair cut, forget it."

[Townsend]

Only?

[FOTD]

oil was probably $2 a barrel and natural gas a by product to be avoided.....

[dbacks fan]

oil was probably $2 a barrel and natural gas a by product to be avoided.....

Pretty close. Found this chart from Forbes that gives the price of oil both actul and compared to 2005 dollars. For nearly 100 year it went from $1.10 to $3.10. Until 1975 when it trippled.

http://www.forbes.com/static_html/oil/2004/oil.shtml

[shadows]

During the time frame of 1955 I was 35 years old.  If one is in their 30' today how much would one calculate what they need to carry on a life stile we have become accustom to whey they reach 90.   A portfolio of a million dollars or more?  

In the game of Balance Of Trade we have become the worlds greatest debtor.  While other industrial nation have maintained price controls we use Free Emprise and watched the value of our dollar fall.  Is the answer in printing more money (stimulus marked) or try to stabilize our cost where we can once again enter into the world trade competition?