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It 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 t
by pama 3y ago
It 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