Etcetera

Nostalgia

skeeter1.

Posted to Etcetera on Tue Jun 17, 2008 at 09:31:48 AM EST (promoted by port1080). RSS.

We're living in an era of rocketing fuel costs, rising grocery costs, and taxes.

My Granddad  used to talk of pork chops (early 1900's) costing $0.05/lb.  Well, no longer.  

I don't  remember what milk and eggs cost, but they were delivered right to your doorstep.  Now, milk is ~$3/gal and eggs are ~$1.75/dz.  No one delivers any longer, and sometimes I'm surprised we even still get mail.

Gasoline (when I started driving) was $0.29/gal.  Today, $4.10.  

My first brand-new car?  A Gremlin GT.  Ugly as hell, but fast and got me all around the country.  $2800 out the door.  

At the time, you could fill up the tank with a $5 bill and have enough left over to buy a 6-pack of Stroh's ($1.50).

Lucy & Ricky were on the black&white television, but grandma always wanted to watch Lawrence Welk.  Good lord, how I hated that show.  

Frank Herbert's "Dune" was the fun thing to read.

 Macdonald's hamburgers were $0.15.  A large pizza was $4.

Anyone else have a nostalgia story to share?

Tags: edited by Port1080, written by skeeter1, nostalgia, prices, economy (all tags)

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12

Re: Nostalgia

zyxwvutsr.

Tue Jun 17, 2008 at 09:20:43 PM EST

5.00 (funny)

I can't believe that this shitty discussion about, whatever, is running when there is a perfectly delicious writeup about condom mints sitting in the submissions moderate. Damn.

6

Interesting Reading

uncarved block.

Tue Jun 17, 2008 at 01:08:54 PM EST

4.50 (astute, informative)

    I've recommended this book before, but it's worth mentioning again: Otto Bettmann's (yes, of the Bettmann Archives) The Good Old Days-- They Were Terrible!. It's not meant as a serious scholarly work, so don't go into it expecting reams of statistics or even a very balanced take on the US compared to the rest of the world. I like to think of it as the book version of a cantankerous grandparent who wants the grandkids to understand that his peers are leaving out more than a little when they reminisce about how life used to be. (Nothing personal, skeeter.)
     The book rings true to me in part because of the decade I spent working at a nursing home. While I didn't have a lot of contact with the residents (worked in the kitchen), and they aren't the most representative sample (being sick and/or near death, for the most part), I still picked up stories and personal flashes that counteracted a lot of the boosterism from, say, Tom Brokaw and the rest of the nostalgia industry. Vain and humble, smart and dumb, wise and foolish-- the residents weren't all that different from the younger folks I'd see after work, or all around the town. No better, and certainly not worse, just faced with a different set of circumstances.
    Do I get nostalgic once in a while? Certainly. I miss being young, with all the optimism and potential that goes along with it. I regret several of the choices made back then- regret is nostalgia's dark twin, eh?- like to remember the days before those mistakes. I'm definitely homesick, which adds an extra layer of fuzziness to the camera lens of memory. But nothing is going to turn back the clock . . .

Ex ignorantia ad sapientiam; e luce ad tenebras

1

Prices are deceiving...

port1080.

Tue Jun 17, 2008 at 09:42:45 AM EST

none

My grandfather would often harp about how when he was young (he was born in 1925) his first (used) car cost him $20.  This was all well and good, but then we'd ask him how much his weekly salary was - and he made a whole $10 a week.  It's simply not valid to compare to the past without factoring in inflation. This becomes very obvious when you look at graphs of gas prices - take a look at this chart, for example.  If you don't adjust for inflation, it looks like gas prices have gone steadily up since 1979 and have gone through the roof since 2001.  Adjusted for inflation, however, we see that they peaked in about 1980 and then slowly dropped until bottoming out in the late 1990s.  While the prices we're paying now are historically high, they're not all that much higher than what we were paying in the late 1970s and early 1980s.

And not to keep picking on you skeeter, but a lot of grocery stores do still deliver (particularly in more urban areas) for a fee (my local grocery store allows you to order online and have it delivered, or you can order online and have it all packed and ready for you to pick up at the store).

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Re: Prices are deceiving...

thefadd.

Tue Jun 17, 2008 at 12:41:06 PM EST

none

The question then becomes, of course, why do we have an economic system predicated on inflation.

It is easy to buy small plaster models of what you think life is like.

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Re: Prices are deceiving...

joshv.

Tue Jun 17, 2008 at 05:01:14 PM EST

none

As with any unit of currency, if there are more of them, they become worth less.  Dollars, gold or kilos of heroin.  

As our economy expands, mostly as a result of population and productivity growth, the government  creates more money to represent the wealth created.  As it fears undershooting and depriving markets of much needed capital, it prints a little too much money.  Over time this "overshoot" accumulates and devalues the currency.  As long as the process is gradual, nobody seems to mind -  as price inflation is mostly offset by wage inflation.  It just gives old-timers something to harp about, and economists something to adjust for when making long term comparisons.  

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Re: Prices are deceiving...

thefadd.

Tue Jun 17, 2008 at 05:09:02 PM EST

none

exactly...and our economic system wasn't always predicated on such growth.

It is easy to buy small plaster models of what you think life is like.

10

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Re: Prices are deceiving...

joshv.

Tue Jun 17, 2008 at 05:30:10 PM EST

none

We've had population and productivity growth for quite some time.  Even back when gold and silver were the standard they devalued because we got better at mining it, or simply stole it from those who'd been hoarding it for millennia in the "new world".

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Re: Prices are deceiving...

thefadd.

Tue Jun 17, 2008 at 06:31:36 PM EST

none

As the basis for our economic system, they are manifestations of the industrial era.

It is easy to buy small plaster models of what you think life is like.

2

Re: Nostalgia

dzetetes.

Tue Jun 17, 2008 at 10:40:27 AM EST

none

It must have been a golden age back then. Just look at all the people smiling at this lynching. Good times, good times.

In regione caecorum, rex est luscus.

3

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Re: Nostalgia

port1080.

Tue Jun 17, 2008 at 11:29:50 AM EST

5.00 (interesting)

That link doesn't work - here's a working link to the same photo.

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Re: Nostalgia

dzetetes.

Tue Jun 17, 2008 at 11:40:42 AM EST

none

Must be some strange browser cookies thing to make sure you see all of their ads on the page the picture is displayed on. I had no trouble accessing it through the link, then I cleared my cookies, and I couldn't get to it. Thanks for the new link.

In regione caecorum, rex est luscus.

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Re: Nostalgia

Lou.

Tue Jun 17, 2008 at 05:22:44 PM EST

5.00 (obnoxious)

How did you find a picture of Shumway's sweet 16 party?

It's the end of the world as we know it, and I feel fine

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Sorry for the confusion

Lou.

Wed Jun 18, 2008 at 06:08:20 PM EST

5.00 (informative)

I wasn't referring to our Shumway/Urkel...I was thinking about the real one.

It's the end of the world as we know it, and I feel fine

13

Re: Nostalgia

joshv.

Wed Jun 18, 2008 at 10:00:40 AM EST

none

Actually, food costs, as a percentage of income, have fallen dramatically as a result of industrialized agriculture.  Rising fuel costs look set to reverse that trend, but grandma probably paid a much larger proportion of the family income for groceries than you do.

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Re: Nostalgia

thefadd.

Wed Jun 18, 2008 at 01:08:54 PM EST

none

It's true that in developing nations, people spend more than half their income on food versus less than a quarter in America. I obviously have no stats on the issue but I'd think that America, when it was developing went through a very similar cost structure.

It is easy to buy small plaster models of what you think life is like.

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Re: Nostalgia

postillion.

Sun Jun 22, 2008 at 02:28:28 AM EST

none

I was just talking about cost of living with some friends over dinner tonight. The topic came up because of Masa in New York where the prix fixe meal currently costs $400 per person.

Yet, despite such extravagant meals, the real cost of food is lower.  However, we pay more for rent or mortgage than before.  Cost of clothes, if one shops carefully, is still pretty cheap in terms of real costs.  Generally, I buy most of my clothes on sale, and can still get most of the basics for about $20 on sale.  It's a different story for those who have kids, as tuitions for colleges have gone through the roof.

Besides real estate, what has changed is not the cost of living, but the cost of a a lifestyle dependent on consumption.  And the problem is that the consumption is not even necessary consumption but a sort of trickle consumption of products because it is now part of our lives to buy and buy all sorts of minor luxury items without thinking twice about it.  My guess, though, is that none of us will stop buying anytime soon, myself included.

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