At 10:15 AM -0500 11/6/01, Christopher Weeks wrote:
>On the other hand, my apparent misinterpretation arises from page 46
>of _Announcing a New School_ in which Daniel Greenberg writes:
>
>"As for the cash cash seed money, it required $24,000 in down
>payment...and...something like another $16,000...to cover the
>initial repairs and modifications... This meant a total of
>something over forty thousand dollars in cash that we put up
>personally."
>
>That kind of spare cash sounds like independent wealth to me -- even
>today, much less in 1968 dollars.
At 12:59 PM -0500 11/6/01, Mike Sadofsky wrote:
>I am quite certain that Dan Greenberg's writing in "Announcing ..." is
>quite precise and accurate. But the fact is that these numbers did
>not indicate wealth in 1968 and don't do so now. Perhaps that's the
>issue.
Just FYI: $40,000 in 1968 corresponds to about $200,000 in today's
dollars. You can do such calculations at
http://www.cjr.org/resources/inflater.asp
Since the money came from more than one family, it probably does not
indicate independent wealth, whatever that means.
-- Kai.
-- -------------------------------------------------------------------- Kai von Fintel E39-245 Department of Linguistics & Philosophy 77 Massachusetts Avenue Massachusetts Institute of Technology Cambridge, MA 02139, USA -------------------------------------------------------------------- mailto:fintel@mit.edu (Business) http://web.mit.edu/fintel mailto:fintelk@mac.com (Personal) -------------------------------------------------------------------- Home phone: 617-497-5838 Office fax: 617-253-5017 Office phone: 617-253-3228 Cell phone: 617-721-0829 -------------------------------------------------------------------- "It is... nothing short of a miracle that the modern methods of instruction have not yet entirely strangled the holy curiosity of inquiry; for this delicate little plant, aside from stimulation, stands mainly in need of freedom; without this it goes to wreak and ruin. It is a very grave mistake to think that the enjoyment of seeing and searching can be promoted by means of coercion and a sense of duty." (Albert Einstein) -------------------------------------------------------------------- Sudbury Valley School: http://www.sudval.org Mosaic Commons Cohousing: http://mosaic-commons.org ===============================================================================
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