[silence] Cage in Italy
Tom Duff
td@pixar.com
Thu May 3 13:50:12 EDT 2007
On Wed, 2 May 2007, Luigi Pizzaleo wrote:
> John Cage was in italian quiz "Lascia o raddoppia" in 1958. He wan 5 millions
> italian lire, something as today's 500,000 dollars.
The lire/dollars exchange rate was pegged at $1=625 lire under the Bretton
Woods agreement (http://en.wikipedia.org/wiki/Bretton_Woods_System) from
1949 until 1971. So 5M lire was worth $8000, which inflation since then
has converted (http://www.westegg.com/inflation/) to something in the
$55,000 range, not $500,000.
--
Tom Duff. OK I am going to hell.
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