alt Hacker NewsI think this graph shows the "apples to apples" comparison:
https://www.officialdata.org/us/inflation/1800?amount=1
Doing a spot check, this means $1 in in 1913 is equivalent to roughly $32.83 today.
I think this graph shows the "apples to apples" comparison:
https://www.officialdata.org/us/inflation/1800?amount=1
Doing a spot check, this means $1 in in 1913 is equivalent to roughly $32.83 today.
That’s ~3.17% compounded annually.
Modest, stable inflation is good. It encourages investment & discourages deferring consumption for indirect monetary reasons.
“Stable” is the hard part.