72% of the dollar's purchasing power was destroyed in just four episodes
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Re: 72% of the dollar's purchasing power was destroyed in just four episodes
#2[flagged]
Re: 72% of the dollar's purchasing power was destroyed in just four episodes
#3How about other currencies?
Re: 72% of the dollar's purchasing power was destroyed in just four episodes
#4[flagged]
I'm not really convinced this data falsifies the narrative of a slow erosion. It's just the Pareto principle in action. I bet if you graphed the erosion of a hill you'd see the same pattern.
Re: 72% of the dollar's purchasing power was destroyed in just four episodes
#5Re: 72% of the dollar's purchasing power was destroyed in just four episodes
#61950-1985 and 1985-now are pretty steady. Decreased inflation volatility over time.
I think your chart shows the "that inflation slowly erodes purchasing power over time." That doesn't mean there aren't periods of change - if you study economic history at all you know about the Great Depression and stagflation - but for ~50 years it's been pretty well managed.
Re: 72% of the dollar's purchasing power was destroyed in just four episodes
#7The cumulative duration of these four episodes looks to be about 30 years, so about a quarter of the total time period looked at
Interesting, but not quite as dramatic as I assumed from the title.
Re: 72% of the dollar's purchasing power was destroyed in just four episodes
#8Has to be taken in light of median income too right?
Re: 72% of the dollar's purchasing power was destroyed in just four episodes
#9Re: 72% of the dollar's purchasing power was destroyed in just four episodes
#10The cumulative duration of these four episodes looks to be about 30 years, so about a quarter of the total time period looked at Interesting, but not quite as dramatic as I assumed from the title.
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