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‘Spider-Man’ Beats ‘Avengers: Endgame’ as ‘Brand New Day’ Climbs to $360 Million, the Biggest Opening Weekend in Box Office History (variety.com)
submitted 1 month ago by [M] to c/movies@piefed.social
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[–] 11 points 1 month ago* (last edited 1 month ago) (1 child)

It's not supposed to, but even the target interest rate of 2% per annum is ridiculous when you think about it. It means $1 = $1.20 after a decade, and after 50 years $1 = $2.70.

357(1.02)^7 = 410 M so we're actually almost double the target.

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  • [–] 3 points 1 month ago (1 child)

    ASSUMING your salary goes up with inflation, which is the idea...

    You bought a house with 2026 money.

    You're still paying that same mortgage with 2046 money.

    20 years of inflation, but your debt remains the same (as you pay it off)

    If everything is functioning as intended, inflation encourages debt and spending, which drives the economy.

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