Someonelol@lemmy.dbzer0.com to Showerthoughts@lemmy.worldEnglish · 20 hours agoThe $20 USD bill is the new 5$ billmessage-squaremessage-square87fedilinkarrow-up1175arrow-down131file-text
arrow-up1144arrow-down1message-squareThe $20 USD bill is the new 5$ billSomeonelol@lemmy.dbzer0.com to Showerthoughts@lemmy.worldEnglish · 20 hours agomessage-square87fedilinkfile-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-up3arrow-down4·edit-219 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-up7·20 hours agoAre you under the impression that this prevented inflation somehow? Spoiler: it didn’t.
minus-squareBananaIsABerry@lemmy.ziplinkfedilinkarrow-up5·20 hours agoShhh don’t tell them about what happened after both world wars
minus-squarejubilationtcornpone@sh.itjust.workslinkfedilinkarrow-up4·19 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.
minus-square667@lemmy.radiolinkfedilinkEnglisharrow-up2·edit-219 hours agoThe US went off the gold standard in 1971 and OP is talking about 10 years ago, so 2016. Disregard. The commenter is referring to the 100 or so years ago.
minus-squarereddig33@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down2·20 hours agoI’m replying to the “100 years ago” guy talking about halfpence.
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.
The US went off the gold standard in 1971 and OP is talking about 10 years ago, so 2016.Disregard. The commenter is referring to the 100 or so years ago.
I’m replying to the “100 years ago” guy talking about halfpence.
Ahh, fair. I misread that.