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If you looked at the chart in https://www.in2013dollars.com/uk/inflation/1800?endYear=1914&amount=100 https://www.in2013dollars.com/uk/inflation/1800?endYear=19
by yywwbbn 4y ago
If you looked at the chart in https://www.in2013dollars.com/uk/inflation/1800?endYear=1914&amount=100 https://www.in2013dollars.com/uk/inflation/1800?endYear=1914...
The value of currency fluctuated much more during most of the 19th century than it did between 1990 and 2020. It’s just that the periods of inflation were followed by years of deflation. I think for most people and businesses stable and predictable inflation os generally preferable to a permanent boom and bust cycle.