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
I can’t recall which, but there was one country that decided to print the last 3 zeroes in red ink, and on a certain date, they just started ignoring those (10,000 is now 10). No loss in value really, as prices were listed similarly, but just a change in the denominations.
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