Gold Pieces for Credits

[Condottiere]

We need to subsidize the Belter industry.

They're like the Russian and Chinese fishing trawlers, a source of intelligence and access to covert operations.

Or should this go under Solomani Military thread?

 

[F33D]

We need to subsidize the Belter industry.

They're like the Russian and Chinese fishing trawlers, a source of intelligence and access to covert operations.

"access to covert operations" ? Like what? Near zero G spelunking? :lol:

 

[Condottiere]

Smuggling, you know, stuff in which Imperium intelligence agencies would find interesting. And people.

 

[Tom Kalbfus]

I have figured out that the purchasing power of 1 D&D GP = Cr5, just by looking at the two equipment lists and comparing the prices of the equipment in common. I do believe the Imperial Credit purchases more than today's US$. The price of a ground car seems low to me, I believe that number of dollars could buy a decent used car, but that's about it.

 

[atpollard]

I have figured out that the purchasing power of 1 D&D GP = Cr5, just by looking at the two equipment lists and comparing the prices of the equipment in common. I do believe the Imperial Credit purchases more than today's US$. The price of a ground car seems low to me, I believe that number of dollars could buy a decent used car, but that's about it.

Just FYI, the Imperial Credit appears to be equal to the 1971 U.S. Dollar (when the equipment list in Classic Traveller was being compiled) ... Making the credit about 4 to 4.5 current U.S. Dollars.

The 4,000 credit car costs $16,000 to $18,000 in 2015.

 

[F33D]

I have figured out that the purchasing power of 1 D&D GP = Cr5, just by looking at the two equipment lists and comparing the prices of the equipment in common. I do believe the Imperial Credit purchases more than today's US$. The price of a ground car seems low to me, I believe that number of dollars could buy a decent used car, but that's about it.

Just FYI, the Imperial Credit appears to be equal to the 1971 U.S. Dollar (when the equipment list in Classic Traveller was being compiled) ... Making the credit about 4 to 4.5 current U.S. Dollars.

The 4,000 credit car costs $16,000 to $18,000 in 2015.

Yes and no. Yes, in that using current CPI calc rates that would be so. No, as the gov radically changed the CPI calcs in 1980 to dampen the reporting of inflation that was out of control (those of us old enough remember that). For 1971 to present, multiply the 1971 USD by 10.1 for an accurate buying power comparison. The Cr4,000 car is actually Cr41,000 The AVERAGE new car price in 1971 was $2,500. It is $33,560 in 2015, so far. If you subtract out the costs for higher safety features and higher fuel efficiency you get close to the projected price of $25,250 due to the 1,100% inflation since 1971.

 

[simonh]

Yes and no. Yes, in that using current CPI calc rates that would be so. No, as the gov radically changed the CPI .

Very nice analysis. Just as a general point, some prices have risen either significantly more or significantly less than the average figure. Also I think the point about adjusting the car price to account for the significantly higher quality of cars these days is particularly significant. In many cases it's not possible to buy, and may even be illegal to sell products equivalent to those that were standard that long ago. Factors like that are often ignored in then-and-now price comparisons.

Simon Hibbs

 

[F33D]

Also I think the point about adjusting the car price to account for the significantly higher quality of cars these days is particularly significant. In many cases it's not possible to buy, and may even be illegal to sell products equivalent to those that were standard that long ago. Factors like that are often ignored in then-and-now price comparisons.

Simon Hibbs

Thanks.
My brother-in-law recently resigned as a GM design engineer. The every increasing requirements for safety clashing with the gov regs on gas mileage made their jobs REALLY difficult. He gave me insight on the numbers I posted for auto's.

After 1980 the gov, in order to mask monetary inflation, shifted CPI away from measuring the cost of living to heavily weighing the price drops of cutting edge consumer electronics that rapidly drop in price as economy of scale production ramps.

 

[Condottiere]

In theory, trying to manufacture the same car three decades later should grant you a five to ten percent reduction in costs due to a jump of one or two tech levels.

 

[Tom Kalbfus]

I have figured out that the purchasing power of 1 D&D GP = Cr5, just by looking at the two equipment lists and comparing the prices of the equipment in common. I do believe the Imperial Credit purchases more than today's US$. The price of a ground car seems low to me, I believe that number of dollars could buy a decent used car, but that's about it.

Just FYI, the Imperial Credit appears to be equal to the 1971 U.S. Dollar (when the equipment list in Classic Traveller was being compiled) ... Making the credit about 4 to 4.5 current U.S. Dollars.

The 4,000 credit car costs $16,000 to $18,000 in 2015.

Yes and no. Yes, in that using current CPI calc rates that would be so. No, as the gov radically changed the CPI calcs in 1980 to dampen the reporting of inflation that was out of control (those of us old enough remember that). For 1971 to present, multiply the 1971 USD by 10.1 for an accurate buying power comparison. The Cr4,000 car is actually Cr41,000 The AVERAGE new car price in 1971 was $2,500. It is $33,560 in 2015, so far. If you subtract out the costs for higher safety features and higher fuel efficiency you get close to the projected price of $25,250 due to the 1,100% inflation since 1971.

So the Credit is worth $10, that helps. A gallon of gasoline is then worth Cr0.3. A three bedroom home is worth Cr25,000. A hardcover novel sells for about Cr2.50 to Cr5.00. A hot dog costs Cr0.25. A hamburger, fries, and a soda cost Cr1. How do you like those prices?

 

[F33D]

So the Credit is worth $10, that helps. A gallon of gasoline is then worth Cr0.3. A three bedroom home is worth Cr25,000. A hardcover novel sells for about Cr2.50 to Cr5.00. A hot dog costs Cr0.25. A hamburger, fries, and a soda cost Cr1. How do you like those prices?

How do I like them? I've lived them.

But yes, it is 1 Cr. = $10. At the moment.

 

[simonh]

So the Credit is worth $10, that helps. A gallon of gasoline is then worth Cr0.3. A three bedroom home is worth Cr25,000. A hardcover novel sells for about Cr2.50 to Cr5.00. A hot dog costs Cr0.25. A hamburger, fries, and a soda cost Cr1. How do you like those prices?

If you write $ instead of Cr that sounds about right for the 1970s. You could buy a meal at McDonalds for under a dollar and a new house in America in 1970 cost on average $26,500. The first time I visited the USA, back in the mid 90s, you could still buy a cheeseburger and drink for $1.

The Imperium is the 1970s USA Innn Spaaaace!

Simon Hibbs

 

[Tom Kalbfus]

So the Credit is worth $10, that helps. A gallon of gasoline is then worth Cr0.3. A three bedroom home is worth Cr25,000. A hardcover novel sells for about Cr2.50 to Cr5.00. A hot dog costs Cr0.25. A hamburger, fries, and a soda cost Cr1. How do you like those prices?

If you write $ instead of Cr that sounds about right for the 1970s. You could buy a meal at McDonalds for under a dollar and a new house in America in 1970 cost on average $26,500. The first time I visited the USA, back in the mid 90s, you could still buy a cheeseburger and drink for $1.

The Imperium is the 1970s USA Innn Spaaaace!

Simon Hibbs

And this is the Emperor of the Third Imperium!

 

[Condottiere]