For example at 3% inflation, 19 dollars 100 years from now will be worth about 1 dollar today. So spending a hundred bucks on a cup of coffee would be possible if inflation just keep happening. Will the government ever reinvent currency to “reset” the clock or will we just have to begin printing 1000 dollar bills?
In: Economics
A penny used to be useful. You could buy things for a nickel or a dime.
That’s no longer really the case. Eventually we’ll stop minting pennies altogether, and may switch over to having dollar coins.
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