6/16/2023 0 Comments Love like crazy lee brice![]() ![]() To have an apples-to-apples comparison we must adjust for inflation using the escalator clause. The value of a dollar was greater 58 years agao than it is today, so if we compare prices without adjusting for inflation then we're comparing apples-to-oranges. Inflation causes prices and wages to rise over time which can make it quite difficult to compare the value of items from different eras. However, in macroeconomics it is important to distinguish between nominal and real values. You may also probably think it's crazy that someone only made $67 a week when many people earn over $10/hr with part time jobs. The breadwinner of the family brought home 67 bucks a week ($268/month), to which Lee Brice responds "that's crazy". 'My grandparents lived this song and I knew immediately that I had to record it. Brice told Country Weekly that this Tim James and Doug Johnson written tune reminded him of his own family: 'When I first heard Love Like Crazy, it made me think of my grandparents,' said Brice. Economic Concepts: Nominal Real Inflation Escalator clauseĭetails: A couple has been together 58 years and started with a little 2-bedroom house. The song describes a husband and wifes long and happy relationship.
0 Comments
Leave a Reply. |