If you follow the stock market and economic indicators you know that the Fed has been holding back on interest rate cuts until it is satisfied that inflationary pressures are under control. Or, if you’re like me, a person who remembers only the beer and pizza supply and demand graph taught by a TA who could barely speak English, you don’t care one iota about economics or the Fed’s statements regarding monetary policy except when it begins to affect your daily life.
Yesterday Drama Girl lost a tooth while chewing on a granola bar. Fortunately there was little blood or drama involved, unlike the last no one-will-touch-my-snaggletooth-until-the-thread -attaching-it-to-my-gums-breaks episode several months ago. It came out right there in a mushy granola mess with no fanfare or fuss. We put it in a little baggie, so Tooth Fairy would be able to find it under her pillow and hopefully leave it there so DG could bring it to her father’s house for a repeat performance. Yes, there are benefits to being a child of divorced parents.
Anyway, Tooth Fairy was up late working on her book and at about 1:00 a.m. remembered to scrounge around for some dough to leave under the pillow. It was looking like either a $20 or taking money out of one of the kids’ piggy banks until she remembered there were a few spare dollars stashed in the car.
This morning DG got up and came into my room. “Mom, the Tooth Fairy came! She left the tooth so I can bring it to Daddy’s, and she left this.” She waved the dollar bill at me as if it had cooties. “It’s only a dollar.”
“Well, I think a dollar is a lot of money for that tiny little tooth!” I said indignantly. “You should be grateful the Tooth Fairy left you so much. When I was a girl a quarter was a big deal. I remember when there were no cell phones or iPods or the Disney Channel. We didn’t even have microwaves back then. You should be thankful…”
I guess my daughter is up on the inflation scene more than I am. Maybe she learned about the CPI in first grade? Ben Bernanke, speaking for parents everywhere, you better as hell keep inflation under control. We can’t afford $20 per tooth.