The Austin Powersseries is a hilarious spoof of the James Bond films. InInternational Man of Mysterywe are introduced to British secret agent Austin Powers who was cryofrozen at the end of the 60s. Thirty years later Austin Powers is thawed to help capture his nemesis, Dr. Evil, who was also cryofrozen but now holds the world hostage with a stolen nuclear weapon.

Being frozen for thirty years causes Dr. Evil to underestimate how much ransom money he should ask for in this hilarious scene.

International Man of Mystery takes place in 1997.Dr. Evil was frozen in 1967, which begs the question, how much did the price level rise over those thirty years?The CPI (customer price index) was 33.4 in 1967 and 160.5 in 1997. Dividing 160.5 by 33.4 yields a factor of 4.8. So, if Dr. Evil thought that one million dollars was a lot of money in 1967, an equivalent amount in 1997 would have been $4.8 million.Dr. Evil does not let that stop him from asking for more!

Imagine if you were cryogenically frozen in the 1960's and revived 30 years later. Advances in technology, culture, and higher prices would all come as a shock.

Have you ever spoken to an old person and they tell you how little they earned back way back when? Or they tell you how much things used to cost? The following link uses the CPIHere is the inflation Calculator by the BLS (Links to an external site. https://data.bls.gov/cgi-bin/cpicalc.pl) Can you think of another index?

https://www.youtube.com/watch?time_continue=2&v=gJ4z5rHmEuU&feature=emb_title