In supermarket, man showed wife a bottle of orange juice and complained it contained 6oz less but price remained the same. She looked shocked. I suggested it was to help with the budget . . . company budget not consumers.
It is odd, though, that back in the 1800s we had $500, $1,000, $2,000 and $5,000 bills and no longer have them in production. You’d think that inflation would call for larger bills eliminating the need for smaller ones.
At the end of World War II, inflation in Germany was so bad that accountants suffered from “nought blindness” from having to add extra zeroes every week. People got paid at the end of the day because no one knew what money would be worth the next day.
One fellow bought a package of toilet paper and stuck it in a back pocket. On the trolley ride home, a guy bumped into him on the way out of the car. Upon checking, he discovered he still had his wallet but the toilet paper was gone. He realized the toilet paper was worth more than everything he had left in his wallet. THAT’S real inflation.
Need coffee 4 months ago
The problem is that the cost of living doubles every seven years and wages double every fourteen.
Calvinist1966 4 months ago
Inflation was certainly a very serious problem in the 1970s which was my childhood decade.
Gandalf 4 months ago
For those on a fixed income, it may as well be another tax, one that allows the government to circulate more money than there ought to be…
sandpiper 4 months ago
In supermarket, man showed wife a bottle of orange juice and complained it contained 6oz less but price remained the same. She looked shocked. I suggested it was to help with the budget . . . company budget not consumers.
ncorgbl 4 months ago
It is odd, though, that back in the 1800s we had $500, $1,000, $2,000 and $5,000 bills and no longer have them in production. You’d think that inflation would call for larger bills eliminating the need for smaller ones.
mistercatworks 4 months ago
At the end of World War II, inflation in Germany was so bad that accountants suffered from “nought blindness” from having to add extra zeroes every week. People got paid at the end of the day because no one knew what money would be worth the next day.
One fellow bought a package of toilet paper and stuck it in a back pocket. On the trolley ride home, a guy bumped into him on the way out of the car. Upon checking, he discovered he still had his wallet but the toilet paper was gone. He realized the toilet paper was worth more than everything he had left in his wallet. THAT’S real inflation.
brklnbern 4 months ago
I think that inflation rationalization was from a speech by Janet Yellen.