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Like ~100% inflation since 1994 sounds bad until you look at the 30 years prior to that which was ~380% inflation.
by Spivak 3y ago
Like ~100% inflation since 1994 sounds bad until you look at the 30 years prior to that which was ~380% inflation.
- pama 3y agoIt also doesn’t sound bad if one calculates that 2.4% annual inflation would exceed 100% over 30 years, and one considers that below about 2% is often harmful to the economy.
- geraldhh 3y ago'exponential doubling time' is the effect that devalues money by 3/4th's within a average 'work life' effectively putting a lower limit on profit in order to actually grow wealth