3 ms·
Inflation doubles every 30 years right? Is that the rule of thumb? I never knew. I guess you only really notice it big-time on large-ticket items that are purc
by mindcrime 2y ago
Inflation doubles every 30 years right?
Is that the rule of thumb? I never knew. I guess you only really notice it big-time on large-ticket items that are purchased infrequently like fire trucks. Maybe a car or something, but I never buy brand new cars, so that's probably another reason I haven't been in tune with the degree of inflation.
- SR2Z 2y ago2.5% inflation over 30 years gets you that number. Whether or not that's a good rule of thumb depends on how much you believe in putting economists and "neoliberals" in charge :)
- Terr_ 2y agoThe historical-average may not be worth internalizing now, given current events. Namely, a new Republican administration dropping chaos-bombs on the US economy and trying to seize direct control of the banking-infrastructure, which in turn would put Trump's little hands onto the levers for interest-rates.
- basch 2y agoWe can look and check. (The 70s throw it off a bit.) These are all 11 or 31 year periods. 1995-2005 $2.10 1965-1995 $4.84 1935-1965 $2.30 1985-2015 $2.20 1980-1990 $1.59 1970-1980 $2.12 1960-1970 $1.31