As FDR stated in a White House Press conference on December 17, 1940: "What I am trying to do is eliminate the dollar sign. All right! Well let me give you an illustration: Suppose my neighbor's home catches fire ...if he can take my garden hose and connect it up with his hydrant I may help him to put out his fire. Now, what do I do? I don't say to him before that operation, "Neighbor, my garden hose cost me $15; you have got to pay me $15 for it. I don't want $15 - I want my garden hose back. In other words, if you lend certain munitions and the munitions come back at the end of the war, you are all right."
An ok garden hose is ca. $15 today and $15 1940 dollars is ca. $300 2022 dollars.
Was FDR out of touch with how much things actually cost or was a "garden hose" really expensive in 1940?
As I'm writing this, I realize that if you're talking about lending your neighbor a $15 vs. a $300 garden hose, the meaning of his message changes quite a bit. I'm sure much moreso for people just coming out of the depression.