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>How the USD has lost 98% of its value since the 70s? By what metric has the USD lost 98% of its value since the 70s?
by CrazyStat 5y ago
>How the USD has lost 98% of its value since the 70s?
By what metric has the USD lost 98% of its value since the 70s?
- pessimizer 5y agoIt's hyperbole referring to how much US dollars stored in a mattress 50 years ago would be worth now. If, instead, you earned money from wages and/or invested in stocks/bonds/real estate/comic books, nothing of the sort happened.
- sgerenser 5y agoEven if “the 70s” means 1970, it’s still not 98%, more like about 86% according to: https://www.usinflationcalculator.com/ https://www.usinflationcalculator.com/
- pessimizer 5y agoThat's why I said "hyperbole." I should have said "mild hyperbole," but I didn't bother to look up the actual numbers.
- CrazyStat 5y ago86% vs. 98% isn't mild hyperbole, in one case the dollar is worth 7x as much as the other case.
- Supermancho 5y ago> 86% vs. 98% isn't mild hyperbole you're splitting hairs. 7x .02 doesn't change the trend.