Comment by r_smart
9 years 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.
9 years 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.
It'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.
That'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.