Tag Archives: inflation

Constant Donations, 2011

economics, , , , ,

In 2008, I decided that I would donate $25 every year to the Cornell Chimes Fund, in 2008 inflation-adjusted dollars.

In 2009, thanks to deflation, I actually donated only $24.68, but last year in 2010, the economy had recovered slightly, and I donated $25.18. Huzzah jobless recovery!

Anyway, it is that time of the year again, so without further ado, here is my 2011 Cornell contribution:

$25.18 in 2010 dollars * 225.964 (May ’11 CPI-U, all items) / 218.178 (May ’10 CPI-U) = $26.01 in 2011 dollars

Can’t wait to get my letter in the mail thanking me for my donation of $26.01.

Constant Donations

economics, , , , ,

In 2008, I decided that I would donate $25 every year to the Cornell Chimes Fund. After all, they paid for an awful lot of meals/trips to high places (belltowers) for me over my 3-year stint as a chimesmaster, so the least I can do is help fund a current chimesmaster’s dinner at Banfi’s. Further, I decided to donate $25 in 2008 inflation-adjusted dollars, so that the real value of my donation would remain constant.

Last year in 2009, with the tanking American economy and Helicopter Ben to thank, I actually donated only $24.68. Huzzah deflation!

Anyway, it is that time of the year again, so without further ado, here is my 2010 Cornell donation:

$24.68 in 2009 dollars * 218.178 (May ’10 CPI-U, all items) / 213.856 (May ’09 CPI-U) = $25.18 in 2010 dollars

I can’t wait to get my letter in the mail from President Skorton thanking me for my donation of $25.18.