Acceptable? Dude that equates to a 100% rate of inflation.
Modern Day Hyperinflation
- Thread starter zdreg
- Start date
I saw some stats and they really wrote an inflation rate much bigger than 100%.
I wondered how this is possible at all, even mathematically...
But now I know it's indeed very well possible!
Ie. if something is supposed to lose more than 100% of its value...
Last edited:
Do you know the definition of the word rate. The rate for doubling in price over 30years is approximately 2.2% compounded per year.
Your reply was pathetic.
You're paying about $3 for a bar of soap that cost $1 thirty years ago. The bars are half as big but the price kept going up.That's well over a 100% increase in price and not what I would call "acceptable". Even gasoline hasn't seen that kind of price increase.
At what price to those countries? Start a thread on Chinese hegemony in politics.China will rescue Venezuela, Cuba, El Salvador etc...
It is an important subject.
Better you do, I want to reduce and stop my political activities...
Do you live in a time warp like Rip van Winkle? You are not accounting for the increase in wages over that time span.
Your response on this thread is in the running for the worse yearly posts on ET. It is too early in the year to call you a clear cut winner.
You're delusional if you think wage increases have kept pace with inflation.The metrics the government uses to keep track of that are bullshit,and not real-world. I see basic economics are not your strong suit.
You don't think people live better than 30 year ago ?. Give yourself a reality check.
"see"
Last edited: