2 ms·
> dollars [...] will always have value The US dollar has lost - ~30% of its value in the last 10 years - ~84% of its value in the last 50 years - ~97% of it
by frankenst1 5y ago
> dollars [...] will always have value
The US dollar has lost
- ~30% of its value in the last 10 years
- ~84% of its value in the last 50 years
- ~97% of its value since 1900
(Value here refers to purchasing power)
Reason for this is that the US dollar is continually being inflated by the US government, precisely because it has no robust backing.