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0 pointsCrazyStat4y ago0 comments

>How the USD has lost 98% of its value since the 70s?

By what metric has the USD lost 98% of its value since the 70s?

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It's hyperbole referring to how much US dollars stored in a mattress 50 years ago would be worth now. If, instead, you earned money from wages and/or invested in stocks/bonds/real estate/comic books, nothing of the sort happened.

sgerenser4y ago

Even if “the 70s” means 1970, it’s still not 98%, more like about 86% according to: https://www.usinflationcalculator.com/

pessimizer4y ago

That's why I said "hyperbole." I should have said "mild hyperbole," but I didn't bother to look up the actual numbers.

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0 pointsCrazyStat4y ago0 comments

>How the USD has lost 98% of its value since the 70s?

By what metric has the USD lost 98% of its value since the 70s?

0 comments

pessimizer4y ago

sgerenser4y ago

Even if “the 70s” means 1970, it’s still not 98%, more like about 86% according to: https://www.usinflationcalculator.com/

pessimizer4y ago

That's why I said "hyperbole." I should have said "mild hyperbole," but I didn't bother to look up the actual numbers.

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