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The government should be increasing the size of bills to keep up with inflation. In 1934 gold was $35 per ounce, and a $100 bill could buy 2.86 ounces of gold.
by csense 3y ago
The government should be increasing the size of bills to keep up with inflation.
In 1934 gold was $35 per ounce, and a $100 bill could buy 2.86 ounces of gold.
In 2023 you'd need about $5000 for 2.86 ounces of gold. There "should" be a $5000 bill to match the status quo of 1934 but the government has never created bills larger than $100.