Thanksgiving Top 10 List: 2020

While Thanksgiving dinner appears to be about food, we can really understand it by looking through an economic lens.

Thanksgiving Economics

While the nominal price of a Thanksgiving dinner for 10 has gone up during the past 30 years, in real inflation adjusted numbers, it is less than in 1986.

Problems With Thanksgiving Economics

Something is very wrong with this graph from CNBC:   During 2011, Thanksgiving dinner prices totaled $49.20. In 2012 the number was $49.48. Did the cost of the holiday dinner rise by 28 cents? Or, as CNBC said in its…