Comment by wredcoll
5 days ago
> The price of the median purchased TV in 1997 was ~$4000, in nominal (1997) dollars
I'm sorry, what? How does this pass the sniff test? Are you saying people spent four thousand 1997 dollars for a tv? Or the equivalent of $4000 of 2026 dollars? Either way, that is extremely high and 1997 was not that long ago.
Nominal dollars refers to the sticker price, in dollars at the time. 1997 was thirty years ago. TVs back then were a large ticket item!
Yes people spent that much for a TV in 1997.
Not as a median, they didn't.
Right? I was there. My family had a tv. We didn't not spend the equivalent price of a honda civic on it.
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