Inflation

After my post the other day on Real Returns, my father thought he would send me a real time example.  So, I opened a letter the yesterday with a check inside.  The check was written by my great grandfather in the 1910s for $0.50.  He was a farmer that immigrated from Les Martigny-Baines, Voges France and ended up in Nebraska.  That $0.5 is about $13 today…

Look at that penmanship!