We found a note the other day, dictated by my six or seven year old son Shane to the Tooth Fairy. The scribe was his nine or ten year old sister Erin.
Dear Tooth Fairy,
When my uncle was a little boy, he got 25 cents per tooth. So, because of inflation this tooth should be worth about $1.25. I've considered inflation and my needs for nowadays. It now costs $2.50 or $3.00 for a matinee at the theatre, it used to be 25 cents so that means it has increased by 10 or 15 x that price, the same with jawbreakers. They used to be 3 for a penny now for a package of 12 jawbreakers (gobstoppers) is about 45 cents which means the price has been raised so it would be 11.25 cents for 3 which would be about 3 for 11 cents. It has be raised by about 4 x. Most things have had the price raised by quite a bit so that's why I would kind of like $1.25 for my tooth tonight because of inflation 5 x 25 cents = $1.25.
Thanks a lot,
Shane
(P.S. $1.25 or Nothing!)
Now, I can't for the life of me remember whether the Tooth Fairy succumbed to the economic theory or whether he/she responded to the all or nothing threat but it just illustrated that rising costs were a worry for everyone. Some families, of course, had affluent Tooth Fairies but the ones that found our house had always seemed to be the dour "you-need-to-learn-the-value-of-money" or "money-doesn't-grow-on-trees" kind.
I feel that this good effort of putting a case forward for an increase should have received a reward. Fairies are made of money anyway.
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