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Message: <blockquote data-quote="Squire James" data-source="post: 453340" data-attributes="member: 548">Yeah, many places in the U.S. still figure their property taxes by a money unit called the mil (which is 0.1 cents), probably because they want to hide the fact that "7 mil per dollar per year" is still a very high amount when you're talking about the appraised value of your home!Mark Twain gets into some discussions about inflation in "A Connecticut Yankee in King Arthur's Court" (mostly saying that peasants didn't want to understand inflation, like our country's so much better now that we do!), and mentions a yet lower unit called the "milney" that was apparently 0.01 cents.  They actually had coins for them, apparently.  I am guessing the mil was still in common use in Twain's time (the late 1800's), though it seems to have disappeared very early in the 20th century.</blockquote>