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501 pages, Kindle Edition
Published January 3, 2019
He came to California hoping to make a fortune and struck gold within a few months, unearthing $1500 of it. His gold haul was worth more than $5 million in today's money ($100 in 1850 = $3412.56 in 2017.)They way they taught me to do math back in my college days says that he's off by about a factor of 100. Maybe he meant $1 and not $100, but either way it fills me with the same dim dread I always feel when economists start explaining how to fix the world.