It's 2012, almost 2013. We're approaching a "fiscal cliff" of tax increases and spending cuts. Some people think we can just borrow some more and keep on pumping money into the economy.

I recently received an email with some nostalgia for the economic situation back in 1955. Some excerpts:

I can remember my summer job in 1960, selling bakery products. The cheap white bread was 22 cents/loaf. The most expensive whole grain was 35 cents. A box of 6 doughnuts was 33 cents.

So who made all the money as prices rose to 2012 levels?

Are people in 2050 going to look back on 2012 prices with nostalgia?

For more price nostalgia, read my book Hitch-Hiking from Maine to Alaska in 1962online.

Erie PA Dating