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Inflation and Investing
“Good afternoon, sir. Is this all you would like to get today?”“Yes, that’s all.”“Okay, those Nike sneakers will cost you 10 dollars.”If this interaction sounds off to you, that’s because it is. This is what it would’ve been like to shop 100 years ago (if Nike had existed then) during the “Roaring Twenties,'' which was a time of great profit for many Americans. Today those sneakers would be worth $128.90, which is crazy to think about because that means the value of an American dollar has been inflated by around 1000%. In current times, 10 dollars is used to buy things like fast food, not a...…“Good afternoon, sir. Is this all you would like to get today?”“Yes, that’s all.”“Okay, those Nike sneakers will cost you 10 dollars.”If this interaction sounds off to you, that’s because it is. This is what it would’ve been like to shop 100 years ago (if Nike had existed then) during the “Roaring Twenties,'' which was a time of great profit for many Americans. Today those sneakers would be worth $128.90, which is crazy to think about because that means the value of an American dollar has been inflated by around 1000%. In current times, 10 dollars is used to buy things like fast food, not a...WW…
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