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ParanoidAndroid

(11 posts)
12. the idea is
Mon Nov 18, 2024, 01:52 PM
Nov 18

The idea is that the debasement of the dollar by printing money out of thin air is the cause, part of which is perceived as inflation. Of course there are other factors to inflation, supply and demand, crises, periodic economic crashes, corporate greed.

So... that $40000 was a lot of money back then. You could have bought a new Rolls Royce with it. If they had bought a home with it instead of putting it in a box, they could sell that same home now for maybe $600000. With that 600000, they could buy... a new Rolls Royce. $40 back then is worth the same as $600 now. (just just guessing at those numbers)

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