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by rruark
1567 days ago
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We may be seeing the highest nominal price for wheat in US history, but we are nowhere near the highest inflation adjusted price. The price of wheat in 1866 was $2.06/bu [0]. That is $36.43/bu in 2022 prices. In times of famine, prices have of course been higher. Just for fun, the rider of the black horse in the book of revelations prices a quart of wheat at one denarius (a typical days wage at the time). If you go by the 4.4g silver content of the coin, that comes out to $3.64 per quart or $135/bu. [0] https://www.ers.usda.gov/data-products/wheat-data/ |
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