Comment on Anon describes past

<- View Parent
markovs_gun@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

Here’s a rule of thumb - the federal reserve has a target inflation rate that they try to meet, and that is usually around 2%. Therefore, if you want to do a quick party trick you can do the mental math that things have roughly doubled in price since the 90s. Recent covid related inflation, upcoming tariff related inflation, and 1970s inflation break the trend, but typically the value of money halves every 30-35 years.

source
Sort:hotnewtop