Someonelol@lemmy.dbzer0.com to Showerthoughts@lemmy.worldEnglish · 15 hours agoThe $20 USD bill is the new 5$ billmessage-squaremessage-square69fedilinkarrow-up1134arrow-down125file-text
arrow-up1109arrow-down1message-squareThe $20 USD bill is the new 5$ billSomeonelol@lemmy.dbzer0.com to Showerthoughts@lemmy.worldEnglish · 15 hours agomessage-square69fedilinkfile-text
Prices have inflated so much over the past 10 years that a $20 bill buys as much as $5 did back then.
minus-squarereddig33@lemmy.worldlinkfedilinkEnglisharrow-up2arrow-down4·edit-214 hours agoDoubtful, considering money back then was pinned to something like gold or silver. Some excellent points in the replies. I withdraw my statement!
minus-squarefoggy@lemmy.worldlinkfedilinkarrow-up7·15 hours agoAre you under the impression that this prevented inflation somehow? Spoiler: it didn’t.
minus-squareBananaIsABerry@lemmy.ziplinkfedilinkarrow-up5·15 hours agoShhh don’t tell them about what happened after both world wars
minus-squarejubilationtcornpone@sh.itjust.workslinkfedilinkarrow-up4·15 hours agoOr the time Ulysses Grant ordered the Treasury to flood the gold market - temporarily tanking the US economy - in order to crush his own brother in laws market manipulation scheme.
Doubtful, considering money back then was pinned to something like gold or silver.Some excellent points in the replies. I withdraw my statement!
Are you under the impression that this prevented inflation somehow?
Spoiler: it didn’t.
Shhh don’t tell them about what happened after both world wars
Or the time Ulysses Grant ordered the Treasury to flood the gold market - temporarily tanking the US economy - in order to crush his own brother in laws market manipulation scheme.