Inflation, is the simple answer. But what causes this? Why couldn’t society just keep on keeping on with prices? Examples, a $0.25 for a candy bar, $0.75 for a fast food burger, $30k for a home etc. It worked then, so why not now, why not just agree to lower the prices of everything?
In: Economics
Let’s say you have 100 grams of gold
And let’s say for that 100 grams it’s 5000 right now (I am pulling numbers from thin air, to lazy to check gold value)
Let’s say that 5 years later it’s now worth 5500. That 100 grams of gold didn’t become anything else, it’s still the same but you need to spend more to get it, the money lost some value over the 5 years
So let’s say 60 years ago 20 bucks lets you buy a family of 4 groceries but those same groceries now cost 150, what you get now and what they got are equivalent but you pay more
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