Good inexpensive bourbon.
My requirements for good bourbon; High alcohol content, and smoothness. We drinkers like to fool ourselves, about why we drink alcoholic beverages, and our ability to judge fine booze.
My answer to the question asked is; There are many good bourbons available at $50., and even less. Chubbo
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I am amazed at the pretentiousness among the "connoisseurs" of my acquaintance in turning up their noses at all but their private choices in such as bourbons.
As in most things in personal taste, choices are subjective. People have different palettes and what tastes good to you may not taste the same to me.
One 'expert' who would drink nothing else but his favorite brand was pranked by his buddy who took an "inferior" brand he would never deign to drink and switched it with contents of the bottle the 'expert' had brought. Several of us looked on in amusement as he poured at least two drinks and consumed them and when baited, commented how great his bourbon was to the exclusion of what everyone else was drinking.
When we started laughing and the joker came clean about what he'd done, the 'expert' took a sniff and another sip and exclaimed "You're right ! this is (Brand X)!" (like he could now tell the difference). No doubt some can tell difference in widely divergent brands, but few of us are that discriminating with a lot of similar brands.
There are differences that cater to personal taste or what you've grown used to but very little 'rotgut' these days since the market buried the blends and brands that couldn't compete when the drinkable brands stabilized at a price where the "cheap stuff" wasn't worth even the lower prices it sold for.
The major differences are the amount of advertising and 'mystique' generated by preference of TV/movie characters and the reputation the product can attain. Leroy Jethro Gibbs did more for Maker's Mark nationally than anything the brand had been able to do before (and I like Maker's - just making a point). Bulleit and some boutique brands like that now command prices that some don't consider worth the difference but some swear by it. Personal preferences . . . .
I like good Rye, but since it became 'fashionable' amongst certain 'hipster' crowds the prices have gone up dramatically. It fell under the radar for a long time and was a very affordable counterpart as the bourbons continually rose in price. Not so much anymore . . .