Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.

Summary

This quote humorously illustrates the concept of inflation. It suggests that as time goes by, the prices of goods and services tend to rise. In this case, the example used is the cost of a haircut. The quote highlights how, in the past, the person used to pay only five dollars for a haircut when they had hair. However, with inflation, they now have to pay fifteen dollars for the same service, reflecting the increase in prices over time.

Topics