Economics

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This contribution is anonymous.

I teach economics at a local community college. A few semesters ago, I gave an assignment to ask an "older person" when he bought his first new car and how much it cost. I intended to use the Consumer Price Index to calculate the current day price and help the students understand a little more about inflation and changing prices.

I was expecting answers such as 1934, $350; or 1940, $500---what I got from the first student was 1973, $4,000.

I asked this young lady whom she had asked for information, her answer was,

"My mom. She's real old ... almost 40." (I was 42 at the time.)

I never gave this assignment again.