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> Also, the economy was considerably smaller in those days, and so the Apollo program took up a much larger share of it. Isn't that what adjusting to today's d
by aylmao 5y ago
> Also, the economy was considerably smaller in those days, and so the Apollo program took up a much larger share of it.
Isn't that what adjusting to today's dollars essentially does? Those $28 billion were back then what $257 billion are in today's economy.
- dboreham 5y agoNo. I think parent means that the economy was smaller in real terms. E.g. the population was lower.
- WalterBright 5y agoI read somewhere that 400,000 people worked on the Apollo program.
- gameman144 5y agoNot quite: The purchasing power of a dollar has grown ~8.5x over the past 60 years. The US GDP has grown about 38x in that same time.
- WalterBright 5y ago> Isn't that what adjusting to today's dollars essentially does? To make it more obvious, a town council spending $1 million on a project is a much bigger undertaking (for them) than a country spending $1 million. It has nothing to do with inflation. I.e. consider it as percentage of GDP.