Here’s A Unique Sign Of Inflation – 01.09.17

  • I remember the first time I ever saw a $100 bill.
  • It was back in the early 80s, I must have only been 5 or 6 years old. My parents took my sister and I to a fancy restaurant, and I distinctly remember a man dressed in a dark business suit a few tables over paying his bill with a crisp $100 note. He pulled it out of his wallet, slid it onto the table, and walked away.
  • I was dumbfounded. It was more money than I had ever seen in my young life.
  • None of my friends had ever seen a $100 bill, and I was the big news at school the next day, regaling the whole class with stories of my proximity to such vast wealth. Of course, back then, a $100 bill truly was a rare sighting because prices were so much lower.  A can of Campbell’s soup was 25 cents. Today it costs 4x as much. A movie ticket ran about $3.50, according to the National Association of Theater Owners. Today it’s almost to $9. Gasoline was 86 cents per gallon.

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