Here’s a unique sign of inflation

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. Now it’s $2.20, and that’s after a major price collapse.
$100 could practically pay the rent in a lot of places back in the 80s.
That’s obviously no longer the case. Even a mundane trip to the grocery store can easily blow through $100 without feeling unusual.

This post was published at Sovereign Man on January 9, 2017.