Re:Summers: Inflation Reached 18% in 2022 Using the Governme...
by roenxi on Sunday April 14, 2024 @12:12AM
(#40028590)
> so there was infinite inflation from 1700 to 1960
Infinite is exaggerating but the US dollar has lost >95.0% of its value since the 1700s. So that observation is technically wrong but intuitively is fairly reasonable. If you assumed infinite inflation since then you'd be accurate enough for casual conversation.
Infinite is exaggerating but the US dollar has lost >95.0% of its value since the 1700s. So that observation is technically wrong but intuitively is fairly reasonable. If you assumed infinite inflation since then you'd be accurate enough for casual conversation.