inflation

Inflation blues

blue and red cargo ship on dock during daytime

Man, people really hate the economy. It’s not a new story. In fact, the only thing interesting about it how not new it is. People hate the Clinton economy. People hated the W. economy. People really hated the Great Recession economy (go figure). People hate the Obama economy, even as it came roaring back better than before the Great Recession. People hated the Trump economy (less so, but that’s another story that’s the same story). People really hated the pandemic economy. People continued to really hate the Biden economy, even as it came back roaring better than before, well, anything...

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Why those Beatles tickets were reasonably priced

Yglesias notes that when The Beatles came to town in 1964, tickets to see them were actually pretty reasonable, if not downright cheap: Adjusting for inflation, those tickets ranged in price from $15 to $30. These days $30 will get you in to see St. Vincent at the 9:30 Club but prices to see Kings of Leon at the Verizon Center start at about $60. There are a number of concomitant reasons why, despite it being the hottest show in the world, it was so much cheaper than any popular concert would be in 2014. First is the simplest of...

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