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26 dollars

here's a little example of how my mind works.
in a conversation this morning at work, various aspects of economics came up. like globalization, inflation..

when i came home this afternoon, the first song i heard of the itunes mix saskia was playing, was romeo had juliette. that must have reminded me of other tracks by lou reed. and before you know it, i'm thinking "how much would the same amount of heroin cost today?"

i'm waiting for the man by the velvet underground is about a guy who wants to buy 26 dollars worth of heroin from the drug dealer he is waiting for. the song is on an album that was released in 1967.

i used one of those online inflation calculators, and that thing tells me that something you had to pay 26 dollars for in 1967 (in america) would now cost $172.05. of course the calculator only gives us the average increase of the cost of living over the years, it does not provide a breakdown by product group.

i believe the price of heroin has actually been falling over time. however, for more information please contact your local dealer..

Comments

( 3 comments — Leave a comment )
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penpusher
Aug. 20th, 2010 11:20 pm (UTC)
Really, this would be a brilliant essay, all about the price of stuff in songs, then and now! I might just have to steal this concept for my pop culture blog... but I'll give you full credit for the idea, of course!
soulshop
Aug. 21st, 2010 07:49 pm (UTC)
When I read this, in my mind I sing 'Standing on the corner, suitcase in my hand' but then I get confused. I think if you are waiting for drug dealer, why do you take suitcase with you? Then I realise that is from a different song. Also by velvet underground, but different song. You see? My mind is crazy too! :||
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