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
It is just the normal thing that happens. You just stop making the small coins, because they become valueless, and change the smaller notes for coins because the notes wear out too fast. Currencies work just fine this way.
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