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
Extreme inflation is real in many countries, right now. I think it is Zimbabwe where they printed a billion dollar note because their currency is pretty much useless. Venezuela is a similar situation, where shops and vendors will literally weigh stacks of cash for payment on goods.
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