Value
A few words about value.  Waaay back, in 1967 (over fifty years ago!) I was a young sophomore, spending my first year at venerable Saint Louis High School, located on the rugged slopes of Kalaepohaku Ridge in Honolulu. I was quite happy attending public middle school, but my parents so valued the benefits of education that they were willing to spend the significant cost associated with private school as an investment in my future….a princely sum of $600 per school year back then. Fast forward to 2018 and the annual cost of attending my old alma mater has risen to $16,400, an increase of about 27 times! If only annual wages had risen that fast, haha.  Also in 1967, my parents made another important financial decision – they coughed up $550 to purchase…a brand-new color tv! That old Motorola was almost as huge as a HI-FI stereo and dominated our living room. We could roam the three channels, on which, certain programs were beginning to be broadcast in color. Today, you can purchase any number of thin, Hi-Def, Smart-TVs (made in Asia) for under $200…roughly a third of our 1960’s Motorola (yes kids, “Hello Moto” still made televisions back then). These intersecting lines of price inflation/deflation means that [...]