Capt. Tuttle
Living Legend
- Joined
- Aug 22, 2011
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When I started practicing law, in certain cases it would make sense to allow a lawsuit to take a default judgment, because interest accrued at 9%, whereas banks were paying 18-20%.It's substantial, the late 70's and early 80's had double digit inflation.
Economists laugh at Americans complaining about a spike of 8-9%.
Anyway, it would be slightly over $65000 in'24 dollars.
Still pretty expensive.