Academy of Model Aeronautics (AMA) License & Membership Form
September 1949 Air Trails

September 1949 Air Trails

Table of Contents These pages from vintage modeling magazines like Flying Aces, Air Trails, American Modeler, American Aircraft Modeler, Young Men, Flying Models, Model Airplane News, R/C Modeler, captured the era. All copyrights acknowledged.

Since this membership application for the Academy of Model Aeronautics (AMA) brings up the subject of inflation, I figured it would be interesting to find out what the inflation rate was in 1949 when it appeared in Air Trails magazine. According to the CPI Inflation Calculator, the rate in 1949 was actually negative (-1.2%) due to a multi-year economic recession triggered by President Truman's "Fair Deal"; however, in the previous year (1948) it was a whopping 8.1%, and the year before that (1947) it was an incredible 14.4%!!! So, massive inflation was definitely still on the minds of Americans at the time. The current inflation rate (March 2022) is sitting at 8.5%, with no sign of things getting any better. In fact, economists say if the inflation rate was calculated the way it was in 1949, it would be in the 15% realm. According to the BLS Inflation Calculator, what would have cost you $1.00 in September 1949 will cost you $12.03 in March of 2022. That's 1,203% inflation in about 73 years, which averages to about 1.102% per year (1.102^73 = 1,200). Clearly, we are currently in a period of significant inflation, but that's what we get when the government prints money like mad and dilutes the value of every dollar in your pocket!

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Posted April 23, 2022