I agree. Prices have gone crazy in my lifetime. A decent automobile was just $3,000, not $40,000, like today. Still, wages haven't kept up, either. $1.65 an hour then, vs. only $30.00 an hour now, for skilled labor, in the manufacturing sector.
Now, most people don't use cash. Easier to use cards. I still use cash, when the card doesn't …
I agree. Prices have gone crazy in my lifetime. A decent automobile was just $3,000, not $40,000, like today. Still, wages haven't kept up, either. $1.65 an hour then, vs. only $30.00 an hour now, for skilled labor, in the manufacturing sector.
Now, most people don't use cash. Easier to use cards. I still use cash, when the card doesn't work, for whatever reason. Cards can be tracked, while cash is anonymous.
Even with no intrinsic value, paper money is now collectible! That has just happened in the last couple years. A $5 dollar bill from 1914, now sells for $199.00!
Over 60% of dollars in circulation have been printed since 2020.
A logarithmic scale would be more informative, yet hide the scale of modern money printing.
Worst of all, it's a worldwide phenomena, all fiat money is in an "out of control" tailspin.
I agree. Prices have gone crazy in my lifetime. A decent automobile was just $3,000, not $40,000, like today. Still, wages haven't kept up, either. $1.65 an hour then, vs. only $30.00 an hour now, for skilled labor, in the manufacturing sector.
Now, most people don't use cash. Easier to use cards. I still use cash, when the card doesn't work, for whatever reason. Cards can be tracked, while cash is anonymous.
Even with no intrinsic value, paper money is now collectible! That has just happened in the last couple years. A $5 dollar bill from 1914, now sells for $199.00!
Over 60% of dollars in circulation have been printed since 2020.
A logarithmic scale would be more informative, yet hide the scale of modern money printing.
Worst of all, it's a worldwide phenomena, all fiat money is in an "out of control" tailspin.