Can't recall any college weekends where I blew 56K in Vegas!

[Mr. Neutral]

http://www.chicagotribune.com/sports/os ... rap-_82310

At least UCF doesn't have to worry about Jordan Jr. taking money under the table. He's got more than enough scratch above (and on) the table, apparently.

[muskieman]

http://www.chicagotribune.com/sports/os ... rap-_82310

At least UCF doesn't have to worry about Jordan Jr. taking money under the table. He's got more than enough scratch above (and on) the table, apparently.

You said:

Can't recall any college weekends where I blew 56K in Vegas!

drinking will do that to a person!!!!!

[Mr. Neutral]

I almost never had $56.00 while at X, much less $56,000.

[muskieman]

I almost never had $56.00 while at X, much less $56,000.

I understand, we don't want the IRS to know ssssssssshhhhhhhhhh!

[olsingledigit]

I KNOW I never had $56.00 during my stay at X. Of course I could get a draft beer at the Varsity Mug for 15 cents too.

[pyro]

As our economics profs taught us, you did not need $56,000 in the past to blow $56,000 in present dollars. Picking a date at random, say 1968, the relative worth of $56,000 from 2009 is:

$8,240 using the Consumer Price Index
$10,200 using the Gross Domestic Product deflator
$7,560 using the unskilled wage
$6,420 uisng the Production Worker Compensation
$4,470 using the nominal Gross Domestic Product per capita
$2,820 using the relative share of Gross Domestic Product

For all you Jack Kemp gold bugs -- and you know who you are -- the price of an ounce of gold on the New York Market in 1968 was $39.26 per ounce. In 2009 the price was $950 per ounce. So, if you paid for your gambling and debauchery in gold, then you only needed $2,314 in gold. (On March 18, 1968 a free market for gold bars was established in New York which henceforth determined the market value of gold in place of the Treasury price under the gold standard which Tricky Dick lifted in 1971 -- the Nixon Shock.)

Perhaps a better method of measuring the relative worth of the Jordan fils' et amis' weekend is by comparing the purchasing power of that $56,000. In 1968 dollars, $9,080 had the same purchasing power as $56,000 had in 2009. Thus, as olsingledigit knows, those $0.15 beers in 1968 would cost $0.93 today (round up and you get $1 beers).

If you were at Xavier prior to the 1970's, however, why go to Vegas when you had Sin City across the river with gambling at Beverly Hills, Lookout House, Flamingo, etc. So, the comparative economic question is how much in 1950's and 1960's dollars did it cost at Northern Kentucky clubs to have as much fun as $56,000 bought the Jordans and friends in Vegas today?

[RONALD78]

so does an ex NBA star player....throwing money at 3 or more college players make the pedaling influence with the NCAA? I guess MJ may be buying his son's college degrees and playing time at a school. Maybe!

[Mr. Neutral]

pyro, the equivalent numbers in '68 dollars were aprox. what a year at X cost at that time. So, each number is still infinitely higher than what we schmucks had available to us to blow on a weekend.
$25 was a big night; $50 was prom weekend.

[RONALD78]

dinner with schmucks..and you were which one?

[Shadow]

In the 50's you could go on a date with $5.60.