> 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.
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.