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When looking at the gross receipts year by year, the receipts are in current dollars during those years, so looking at the span from 1934 to current, the inflation rate would not have the impact you might think. For instance, during the 1980's, inflation was relatively low, but gross receipts, including medicare and social security receipts, the total revenues grew 173%. The inflation would not even make a dent in that figure. However, usually we do adjust in real dollars like the CBO forecasts are in constant 1965 dollars through 1990. Still they were off by a factor of 7 times - not a good track record.