we all know the thing where it’s like oh in the 60s x amount of money is equivalent to x amount in today’s time, and how people could earn a dollar for an hourly wage because it was worth more back then. is it possible to have a “reset” on inflation where we go back to spending/earning a dollar, or will it keep permanently increasing to where in the future 10k is chump change?
In: 15
It’s possible to have zero cumulative inflation over extended periods of time.
The way to do it is by removing the ability to arbitrarily create additional currency. Having commodities such as silver or gold as currency is a time proven method of doing so.
As you may be able to tell, it’s politically inconvenient to tell governments they can’t just print as much money as they want, hence the current situation.
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