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The value of the USD wasn’t monotonically inflating away for most of its history, people were mostly fine? Were those periods disastrous in some way?
by ericd 8mo ago
The value of the USD wasn’t monotonically inflating away for most of its history, people were mostly fine? Were those periods disastrous in some way?
- b112 7mo agoYou really, really need to investigate the history of inflation. Really.
- ericd 7mo agoI have. Kind of a hobby interest of mine, actually. https://www.statista.com/statistics/1032048/value-us-dollar-since-1640/ https://www.statista.com/statistics/1032048/value-us-dollar-... If you care to check my claim on it not monotonically decreasing in value. Look at 1776-WW1.