Brilliant Corners #19: Music Among the Fairchildren
The hobby that will become "high-end audio" is still called plain old "audio." The top marginal tax rate is 91%, the US boasts more income equality than present-day socialist Sweden, and most of the country's top earners are not panic-room wealthy but merely rich. The prices of hi-fi gear reflect this: Two of the finest power amplifiers you can buythe McIntosh MC-60 and the Marantz Model 2 (both monophonic, of course)retail for $198. That's about $2266 in today's dollars, and while certainly not cheap, these products are accessible to a far larger group of hi-fi enthusiasts than "the best" of today (including from McIntosh itself).