Austin Powers and Dr. Evil can teach us to adjust for inflation

"You might not remember the first Austin Powers movie for its references to inflation adjustment. But University of Chicago economist Damon Jones does. 

'There’s the Dr. Evil guy. And he gets frozen in time,' Jones told Marketplace's Stephanie Hughes. 

And he’s back to take on the world. So he devises a scheme, Jones said. Dr. Evil makes a plan to hold the world ransom for $1 million. And he’s like, ‘This is so much money. They’ll never come up with this money.’ And they’re like, ‘That’s it? That’s all you want?’

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