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If you can convert inflation adjusted to today's money, why can't you do it backwards? To your second point, you're probably right. Journalism is in a sad stat
by r_smart 10y ago
If you can convert inflation adjusted to today's money, why can't you do it backwards?
To your second point, you're probably right. Journalism is in a sad state these days.
- WillPostForFood 10y agoIt's not that you can't work in reverse and get an estimate, its just that you can't know if it is accurate. What if the journalist made a mistake in their inflation calculation? They are clearly rounding to the inflation adjusted number, and we don't know what year they received payment.
- r_smart 10y agoThat's a good point. Trusting your math of a selection of people that are typically bad at math, and that have a bad track record of accuracy in general, is probably not a good idea.