The Dollar Has Lost 90% of Its Purchasing Power Since 1950

A lot of economists, especially free market types like us, will say that the dollar has lost 90% of its purchasing power since 1950. What people bought then is markedly different than what they buy now. In a lot of ways, it's just not comparable. I don't want to go back to 1950 with a 90% salary increase and that's telling. And following that line of reasoning, there is literally no time that I would prefer to be living except in the future.